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DCIT Vs Hindustan Thermal EPC: No Disallowance for Business Loss – ITAT Delhi

Case Law Details

Case Name
DCIT Vs Hindustan Thermal EPC Company Pvt Ltd (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2012-13
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DCIT Vs Hindustan Thermal EPC Company Pvt Ltd (ITAT Delhi) Introduction: The case of DCIT Vs Hindustan Thermal EPC Company Pvt Ltd, heard by ITAT Delhi, pertains to the disallowance of expenses incurred by Hindustan Thermal in the assessment year 2012-13. The crux of the matter revolves around the justification of the deletion of a significant business loss. Detailed Analysis: 1. Nature of Business and Expenses: Hindustan Thermal is engaged in construction work, particularly related to power projects. The assessment year under scrutiny marks its initial year of business operations. The declare...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 17,295

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