INCOME TAX : Notice issued in SLP filed against order of High Court that where assessee power distribution company undertook substantial renovation and modernization of existing power distribution lines, there was no requirement of capitalization of said expenditure in books of account and to complete renovation in relevant previous year, to claim deduction under section 80-IA(4)(iv)(c)
from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316910/sc-issued-notice-in-slp-filed-against-ruling-that-capitalization-of-exp-isn’t-required-to-claim-deduction-us-80-ia.aspx
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