MAT - Adjustments to book profit u/s.115JB - Disallowance on ...

Periodic Maintenance Costs Disallowed in Book Profit Adjustments u/s 115JB Despite Contractual Obligation.

December 8, 2021

Case Laws Income Tax AT

MAT - Adjustments to book profit u/s.115JB - Disallowance on account of provision for periodic maintenance charges - Periodic maintenance cost is an integral part of the concession agreement and assessee is under a contractual obligation to incur the same and provision has been made by it on a scientific basis. Accordingly, the expenditure attributable to each year has been claimed as deduction both under normal provisions of the Act as well as in the computation of book profits u/s.115JB - AT

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MAT - Adjustments to book profit u/s.115JB - Disallowance on ...

Periodic Maintenance Costs Disallowed in Book Profit Adjustments u/s 115JB Despite Contractual Obligation.

December 8, 2021

Case Laws Income Tax AT

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