Disallowance with regard to provision made for maintenance of ...

Taxpayer's Road Maintenance Provision of Rs. 3 Crore for 2011 Project Aligns with Legal Standards.

May 27, 2021

Case Laws Income Tax AT

Disallowance with regard to provision made for maintenance of the roads - the maintenance expenditure to be incurred in five years was ₹ 60.34 crore, project operations were started on 09.08.2011 and estimation of maintenance expenditure was estimated to ₹ 12.07 crores and being not having full year operations of the project, provision was created for only one quarter i.e. ₹ 12.07 crore/4 i.e. ₹ 3 crore. - the claim of provision as made by the assessee is in accordance with settled principal of law - AT

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Disallowance with regard to provision made for maintenance of ...

Taxpayer's Road Maintenance Provision of Rs. 3 Crore for 2011 Project Aligns with Legal Standards.

May 27, 2021

Case Laws Income Tax AT

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