This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT allows deduction of Rs. 26 Cr of Unbilled Revenue written off
Case Law Details
- Case Name
- Pennar Industries Ltd Vs DCIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Hyderabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Pennar Industries Ltd Vs DCIT (ITAT Hyderabad)
Introduction: In a recent case, Pennar Industries Ltd challenged the order dated 07.08.2023 of the CIT (A)-NFAC, Delhi, before the ITAT Hyderabad for the assessment year 2018-19. The primary contention revolved around the disallowance of Rs.26 Crores claimed by the assessee as an adjustment under ICDS-IV (Income Computation and Disclosure Standards). The crux of the matter was the treatment of unbilled revenue, which the ITAT ruled on, providing significant insights.
Detailed Analysis: The key issue centered around the disallowance of Rs.26 Crores...
Author Info
