https://www.taxtmi.com/highlights?id=60839 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 en-us Wed, 08 Dec 2021 08:57:09 +0530 Wed, 08 Dec 2021 08:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60839 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 Highlights Income Tax Wed, 08 Dec 2021 08:57:09 +0530 https://www.taxtmi.com/highlights?id=60839