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MAT not applicable to companies following accounting policies under Electricity Supply act
Case Law Details
- Case Name
- D C I T- 14(3)(1) Vs. M/s Reliance Infrastructure Ltd. (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011- 12
- Courts
- All ITAT, ITAT Mumbai
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DCIT Vs. M/s Reliance Infrastructure Ltd. (ITAT Mumbai)
Where something is not possible then the assessee cannot be forced to do so under specific provisions of law. Those previsions of law cannot be followed because it is impossible to do so. The doctrine of impossibility is squarely applicable on the facts of the present case because it is not possible to prepare the accounts under the Companies Act because the assessee is preparing the accounts as per the policies of Electricity Supply Act.
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