Provision for site restoration expense on the basis of scientific method carried out by an independent agency eligible for deduction in book profit

IN THE ITAT MUMBAI BENCH ‘J’ Assistant Commissioner of Income-tax v/s. Tata Petrodyne Ltd. IT Appeal Nos. 4804 & 5117 (Mum.) of 2007 & 5306 (Mum.) of 2008 [Assessment years 2002-03 and 2004-05] Date of Pronouncement – April 11, 2012 ORDER Vijay Pal Rao, Judicial Member For the assessment year 2002-03, the assessee has filed the appeal against the order dated 2.6.2008 of the CIT(A) whereas for the AY 2004-05, cross appeals have been filed against the order dated 18.4.2007 of the CIT(A). 2. For the AY 2002-03, the assessee has raised the following grou...