Income Tax Digest 23.5.2026
Income Tax Digest 23.5.2026 Section(s) Case Law Title Brief Summary Citation Relevant Act Section 40(a)(ia) ACIT vs. Orbit Ventures Developers Expenditure that is capitalized to Work-in-Progress (WIP) and not claimed in the Profit & Loss account cannot be disallowed under section 40(a)(ia) in the current year. It can only be adjusted within the WIP itself.… Read More »