Sec. 37(1), Section 37

Delhi H.C : The appellant was not entitled to deduct the amount provided under mercantile system of accounting towards the liability on account of expenditure to be incurred in removal of encroachments in and around the technical area of the Airport which was necessitated out of safety and security consideration in the normal course of business of authority enjoined with the responsibilities of maintenance and operation of airports all over India

High Court Of Delhi (Full Bench) Airport Authority of India vs. CIT Assessment Years : 1996-97 Section : 37(1) A.K.

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