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Construction co. following AS-2 eligible to debit all exp. to work-in-progress except administration exp.

January 15, 2019[2019] 103 taxmann.com 348 (Mumbai)/[2019] 176 ITD 530 (Mumbai)

IT: Where assessee-company was engaged in business of construction and was following Accounting Standard-2, it was justified in debiting all expenses to work-in-progress except expenses related to administration, selling, marketing, etc.

IT: Where assessee's own funds were more than investments, no addition could be made under section 14A

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