Cost of unbilled work to be provided for entire year by estimating the same on scientific and rational based on engineering

Last updated: 13 October 2020

Court :
ITAT Bangalore

Brief :
Present appeal has been filed by revenue against order dated 01/08/2019 passed by Ld.CIT(A), Koramangala, Bangalore, for assessment year 2013-14 on following grounds of appeal:

Citation :
ITA No.2501/Bang/2019

IN THE INCOME TAX APPELLATE TRIBUNAL
‘B’ BENCH : BANGALORE
BEFORE SHRI. B. R. BASKARAN, ACCOUNTANT MEMBER
AND
SMT. BEENA PILLAI, JUDICIAL MEMBER
ITA No.2501/Bang/2019
Assessment Year : 2013 – 14

The Asst. Commissioner of Income Tax,Circle-1(2)(1),Bengaluru. Vs.
APPELLANT

Vs.

M/s CEC Soma CICI Joint Venture,Opp. Gate No.20,Near M Chinnaswamy
Stadium,M.G Road,Bengaluru-560 001.PAN – AAAAC 8081 E
RESPONDENT

Appellant by : Shri V Srinivasan, Advocate
Respondent by : Shri Muzaffar Hussain, CIT (DR)
Date of Hearing : 14-09-2020
Date of Pronouncement : 09-10-2020

ORDER

PER BEENA PILLAI, JUDICIAL MEMBER

Present appeal has been filed by revenue against order dated 01/08/2019 passed by Ld.CIT(A), Koramangala, Bangalore, for assessment year 2013-14 on following grounds of appeal:

“1. The order of the Learned CIT (Appeals), in so far as it is prejudicial to the interest of revenue, is opposed to law and the facts and circumstances of the case.

2. The Ld. CIT (A) erred in deleting the Disallowance of Rs.7,85,14,570/- made by AO towards the provisions for future expenses claimed.

3. For these and such other grounds that may be urged at the time of hearing, it is humbly prayed that the order of the Ld. CIT (A) be reversed and that of the Assessing Officer be restored.

4. The appellant craves leave to add, to alter, to amend or delete any of the grounds that may be urged at the time of hearing of appeal.”

To know more in details find the attachment file