Cash subsidy received from Madhya Pradesh Rajyasetu Nirman - the ...

Assessing Officer's Claim on Capital Subsidy Adjustment Lacks Merit; BOT Project Expenses Amortized Over Concession Period.

August 26, 2021

Case Laws Income Tax AT

Cash subsidy received from Madhya Pradesh Rajyasetu Nirman - the finding of the AO that assessee has not adjusted the amount of capital subsidy against the project expenses is devoid of any merit. - the assessee has incurred the expenses on the projects which were in the nature of BOT. Thus the assessee was entitled to amortize the expenses over the concession period of these projects - AT

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Cash subsidy received from Madhya Pradesh Rajyasetu Nirman - the ...

Assessing Officer's Claim on Capital Subsidy Adjustment Lacks Merit; BOT Project Expenses Amortized Over Concession Period.

August 26, 2021

Case Laws Income Tax AT

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