Sh. Purshotam Kumar, Yamunanagar vs Assessee on 17 August, 2016
IN THE INCOME TAX APPELLATE
from the reading of the above clauses of the
agreement the deferred consideration is payable over a period of four
years ... respondent-
assessee as deferred consideration. The consideration of Rs.20 crores is
not an assured consideration to be received by the Shete family
Madhav Builders, , Ahmedabad vs Assessee on 1 February, 2016
IN THE INCOME TAX APPELLATE TRIBUNAL
under the Tariff
Regulations. The State Commission ought not to have deferred the
consideration of such additional costs, till true up because the appellant ... appellant, the learned State Commission ought not to have
deferred consideration of such additional cost till true up because the appellant
has to have appropriate
construction of a building takes
place either for cash or deferred payment, or valuable consideration. To be also noted that
the definition does ... property enters into an agreement to construct for cash, deferred payment or
valuable consideration a building or flats on behalf of anybody else, it would
buys such goods for
consideration paid or promised or partly paid or partly
promised, or under any system of deferred payment when such ... consideration; it is immaterial whether the consideration is paid or
promised, or partly paid and partly promised, or whether the payment
of consideration is deferred
whole should be completed. Hence, the Central
Commission is wrong in deferring the consideration of the capitalization of the specific
assets during the relevant period ... condition in the said Tariff Regulations to postpone or defer the
consideration of the expenditure till Renovation and modernization is complete. In
fact, consideration
buys such goods for
consideration paid or promised or partly paid or partly
promised, or under any system of deferred payment when such ... consideration; it is immaterial whether the consideration is paid or
promised, or partly paid and partly promised, or whether the payment
of consideration is deferred
State Commission has arrived at the correct
conclusion by deferring consideration of any potential
consequence on tariff as a result of the adjudication
buys such goods for
consideration paid or promised or partly paid or partly
promised, or under any system of deferred payment when such ... consideration; it is immaterial whether the consideration is paid or
promised, or partly paid and partly promised, or whether the payment
of consideration is deferred