Disallowance of provision of anticipated loss - construction & ...

Case Laws Income Tax

April 9, 2018

Disallowance of provision of anticipated loss - construction & erection contracts - anticipated loss was a highly budgeted cost in excess of the budgeted revenue on the project - FAA has not analysed the AS-7 properly and has applied it in a biased way -not in a fair manner - claim of expenses allowed - AT

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Disallowance of provision of anticipated loss - construction & ...

Case Laws Income Tax

April 9, 2018

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