https://www.taxtmi.com/caselaws?id=462528 The Tribunal allowed the assessee's appeal on both issues. First, it permitted a provision of Rs. 5,93,03,224/- for periodic maintenance expenses under a highway concession agreement, ruling that under mercantile accounting, contractual maintenance obligations occurring every five years should be proportionately charged annually rather than entirely in the year of expenditure. The Tribunal relied on precedents including Ashok Buildcon Ltd. and Om Metals & Mineral, which support provisions for foreseeable liabilities under fixed contracts. Second, it deleted the disallowance of Rs. 2,53,224/- for belated employees' PF and ESI contributions, following the Delhi HC decision in CIT v. Aimil Ltd., which held that employees' contributions paid before filing the return under section 139(1) cannot be disallowed under section 36(1)(va). en-us Fri, 26 Oct 2018 00:00:00 +0530 Sat, 28 Jun 2025 14:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462528 The Tribunal allowed the assessee's appeal on both issues. First, it permitted a provision of Rs. 5,93,03,224/- for periodic maintenance expenses under a highway concession agreement, ruling that under mercantile accounting, contractual maintenance obligations occurring every five years should be proportionately charged annually rather than entirely in the year of expenditure. The Tribunal relied on precedents including Ashok Buildcon Ltd. and Om Metals & Mineral, which support provisions for foreseeable liabilities under fixed contracts. Second, it deleted the disallowance of Rs. 2,53,224/- for belated employees' PF and ESI contributions, following the Delhi HC decision in CIT v. Aimil Ltd., which held that employees' contributions paid before filing the return under section 139(1) cannot be disallowed under section 36(1)(va). Case-Laws Income Tax Fri, 26 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462528