https://www.taxtmi.com/caselaws?id=298154 The High Court remitted the matter back to the Commissioner of Income Tax (Appeals) for fresh adjudication, finding that the appellant's provision for erection and commissioning was scientific and based on historical data. The Court quashed the tribunal's order regarding the failure to demonstrate liability accrual, directing a new assessment considering the evidence provided. Additionally, the Court ordered a fresh adjudication on the reversal of provisions in subsequent years, emphasizing the need for accurate estimation. The High Court acknowledged the applicability of legal principles from Supreme Court decisions, requiring factual adjudication in line with established law. en-us Fri, 04 Dec 2020 00:00:00 +0530 Thu, 14 Oct 2021 09:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298154 The High Court remitted the matter back to the Commissioner of Income Tax (Appeals) for fresh adjudication, finding that the appellant's provision for erection and commissioning was scientific and based on historical data. The Court quashed the tribunal's order regarding the failure to demonstrate liability accrual, directing a new assessment considering the evidence provided. Additionally, the Court ordered a fresh adjudication on the reversal of provisions in subsequent years, emphasizing the need for accurate estimation. The High Court acknowledged the applicability of legal principles from Supreme Court decisions, requiring factual adjudication in line with established law. Case-Laws Income Tax Fri, 04 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298154