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2018 (10) TMI 1360 - HC - Income TaxAccrual of income - non realization of ‘Provision for surcharge’ - Treatment to the surcharge accrued during the year on account of delayed payment of electricity bills by the consumers as income - assessee has been following mercantile system of accounting - Held that:- Issue answered against the revenue in view of the decision of this Court in titled The Commissioner of Income Tax, Hisar, Vs. Dakshin Haryana Bijli Vitran Nigam Ltd. Hisar, [2012 (7) TMI 340 - ITAT, DELHI]. Disallowance u/s 40(a)(ia) - non-deduction of tax on the payment of wheeling/transmission charges - Held that:- The order of lower authorities with regard to dis-allowance of expenses claimed of Wheeling and SLDC charges are set aside in the light of the observation of the Supreme Court in the case of CIT, Delhi Vs. Bharti Cellular Limited [2010 (8) TMI 332 - SUPREME COURT OF INDIA]. The matter is remanded back to the A.O. to decide the said issue afresh.
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