Disallowance owing to State Government Grants towards Cost of Capital Assets: Supreme Court issues Notice to Maharashtra State Electricity Distribution Co. Ltd. [Read Order]

Disallowance - owing - State Government - Grants - Cost - Capital Assets - Supreme Court - issues Notice - Maharashtra State Electricity Distribution - taxscan

The Supreme Court has issued notice to the respondent, Maharashtra State Electricity Distribution Co. Ltd, in  an appeal preferred by the Pr. CIT with regard to the issue of disallowance owing to the state government grants received by the assessee. The bench of Justice Sanjiv Khanna and Justice S V N Bhatti took note that…

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