Provision for direct expenses - AO observed that expenditure ...

Anticipated Future Expenses in Construction Cannot Be Disallowed Under Mercantile Accounting System, Says Assessing Officer.

October 28, 2016

Case Laws Income Tax AT

Provision for direct expenses - AO observed that expenditure actually not incurred during the year - mercantile system of accounting - construction activity - expenditure cannot be be disallowed merely because expected future expenses kept into mind - AT

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Provision for direct expenses - AO observed that expenditure ...

Anticipated Future Expenses in Construction Cannot Be Disallowed Under Mercantile Accounting System, Says Assessing Officer.

October 28, 2016

Case Laws Income Tax AT

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