Homologation Expenses for Vehicle Variations: ARAI Approval Required for Initial and Random Checks to Ensure Compliance.

Homologation Expenses for Vehicle Variations: ARAI Approval Required for Initial and Random Checks to Ensure Compliance. https://www.taxtmi.com/highlights?id=48534 Disallowance of homologation expenditure - approval of technical variation in any existing vehicle or any of the components - it were not only the initial stage for which specifications need to be approved from ARAI but even for the existing vehicles, random checks were made that the assessee was manufacturing the same in conformity with the procedure laid down - laid out was for smooth running of business hence the revenue expenditure en-us Fri, 09 Aug 2019 07:18:45 +0530 Fri, 09 Aug 2019 07:18:45 +0530 TaxTMI RSS Generator Homologation Expenses for Vehicle Variations: ARAI Approval Required for Initial and Random Checks to Ensure Compliance. https://www.taxtmi.com/highlights?id=48534 Disallowance of homologation expenditure - approval of technical variation in any existing vehicle or any of the components - it were not only the initial stage for which specifications need to be approved from ARAI but even for the existing vehicles, random checks were made that the assessee was manufacturing the same in conformity with the procedure laid down - laid out was for smooth running of business hence the revenue expenditure Highlights Income Tax Fri, 09 Aug 2019 07:18:45 +0530 https://www.taxtmi.com/highlights?id=48534