https://www.taxtmi.com/caselaws?id=462564 ITAT Mumbai held that the assessee's separate undertakings "Landfill-II" and "Incinerator-II" were eligible for deduction under Section 80IA(4), following precedent decisions that recognized these as independent undertakings. The Tribunal allowed provisions for pit closure expenses and pit covering expenses as deductions, noting consistent rulings that such provisions are allowable under mercantile accounting system since liability arises upon digging pits. CIT(A)'s deletion of additions was upheld, and the assessee's appeal was allowed. en-us Tue, 04 Jun 2024 00:00:00 +0530 Tue, 01 Jul 2025 19:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462564 ITAT Mumbai held that the assessee's separate undertakings "Landfill-II" and "Incinerator-II" were eligible for deduction under Section 80IA(4), following precedent decisions that recognized these as independent undertakings. The Tribunal allowed provisions for pit closure expenses and pit covering expenses as deductions, noting consistent rulings that such provisions are allowable under mercantile accounting system since liability arises upon digging pits. CIT(A)'s deletion of additions was upheld, and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 04 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462564