https://www.taxtmi.com/caselaws?id=796409 Financial assistance granted under a concession arrangement for constructing and developing a water infrastructure project is characterised by its purpose. Where it is intended to set up or complete the project, it is capital in nature rather than taxable operational revenue. Net project-development expenditure exceeding such assistance may be treated as deferred revenue expenditure and amortised over the concession period where the accounting treatment is consistent with the applicable circular and prior treatment. The notes state that this approach supports capital treatment of the assistance and allowable amortisation of the net infrastructure-development expenditure. en-us Thu, 30 Jul 2026 00:00:00 +0530 Wed, 05 Aug 2026 08:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796409 Financial assistance granted under a concession arrangement for constructing and developing a water infrastructure project is characterised by its purpose. Where it is intended to set up or complete the project, it is capital in nature rather than taxable operational revenue. Net project-development expenditure exceeding such assistance may be treated as deferred revenue expenditure and amortised over the concession period where the accounting treatment is consistent with the applicable circular and prior treatment. The notes state that this approach supports capital treatment of the assistance and allowable amortisation of the net infrastructure-development expenditure. Case-Laws Income Tax Thu, 30 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796409