2018 (3) TMI 223

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....t : Through ORDER The Revenue urges four questions of law in these appeals. The first question relates to the sum of Rs. 2,46,411/- claimed as amortized advance rent against the cost of land for the assessee's wind power project in Gujarat. The Revenue had contended that this long term lease would grant enduring benefit to the assessee. At the outset this Court notices that the decision i....

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.... liabilities. The AO was agreed by the fact that the assessee had admitted that the actual expenditure debited as against the provision made can be or cannot be the same and therefore concluded that such provision therefore was a contingent liability by virtue of uncertainty of the quantum involved. 14. The Tribunal affirmed the CIT (Appeals) order by placing reliance on certain judgments....

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....ed in favour of the assessee and against the Revenue. The reference is therefore closed in above terms." The third and fourth questions are interconnected. They relate to unaccounted refundable security deposit and unaccounted refundable maintenance security deposit receivable by the assessee. During the proceedings the assessee had relied on additional evidence. The ITAT directed the deletion ....