2018 (12) TMI 134 - SCH - Income Tax

Contingent liability - provision and a contingent liability - Liability to charge of interest u/s 234B and 234C - Rejection of claim under Section 80G - Deduction of the benefit of 40a(ia) - Leave encashment as a contingent liability - Disallowing expenditure on police stations - Amount paid by the assessee for taking over the company - Claim of capitalization of expenditure towards tree cutting, tampling removal of debris - Regarding removal of debris - Depreciation @ 60% on EDP Equipments - Claim of depreciation on public roads treating the same as building to be allowed - Held that - Special Leave Petition is dismissed on the ground of low tax effect.