Case Law Details
Case Name : Commissioner of Income Tax-II Vs M/s Bhagwati Corporation (Gujarat High Court at Ahmedabad)
Related Assessment Year :
Courts :
All High Courts Gujarat High Court
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Though the questions are multiple, issue is single, namely, the deduction of Rs.61,08,500/- claimed by the assessee towards expenditure being part of development charges. The assessee had paid such sum to Surat Municipal Corporation towards water connection charges. Assessee was engaged in the business of development of land. Assessing Officer disallowed such claim on the ground that the liability of the assessee had not crystallized during the year under consideration. The Assessing Officer noticed that there was some dispute between the assessee as a developer
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