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![Reopening of Assessment and Work-in-Progress Disallowance Unjustified Due to Change of Opinion by AO: ITAT [Read Order] Reopening of Assessment and Work-in-Progress Disallowance Unjustified Due to Change of Opinion by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Assessment-Work-in-Progress-ITAT-income-tax-income-tax-act-Unjustified-Due-to-Change-of-Opinion-itat-on-Assessment-and-Work-in-Progress-income-tax-news-assessing-officer-news-taxscan.jpg)
Reopening of Assessment and Work-in-Progress Disallowance Unjustified Due to Change of Opinion by AO: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) found that the reopening of the assessment and the disallowance of work-in-progress were...


![Expenditure incurred for Construction of a New Facility and subsequently abandoned at Work-in-progress stage is allowable as Revenue Expenditure: ITAT [Read Order] Expenditure incurred for Construction of a New Facility and subsequently abandoned at Work-in-progress stage is allowable as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Expenditure-Construction-Facility-Revenue-Expenditure-ITAT-Income-Tax-taxscan.jpg)
![Interest on Loan of Leased portion of Building cannot be allowed as work-in-progress when eligible for Deduction u/s 24: ITAT [Read Order] Interest on Loan of Leased portion of Building cannot be allowed as work-in-progress when eligible for Deduction u/s 24: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-on-loan-loan-Interest-work-in-progress-deduction-ITAT-Taxscan.jpg)
![Rent received by Builder not House Property Income: ITAT allows Crediting the same towards Work-In-Progress [Read Order] Rent received by Builder not House Property Income: ITAT allows Crediting the same towards Work-In-Progress [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/House-Rent-TDS-Taxscan.jpg)