https://www.taxtmi.com/caselaws?id=262728 Payments made as net present value for diversion of forest land and as contribution to a Regional Wild Life Management Plan were treated as revenue expenditure allowable under section 37(1). The expenditure was incurred to satisfy forest clearance conditions and merely removed an obstruction to the continuation of existing mining operations; it did not confer any fresh mining right or extend an existing right. Following its earlier decision on identical facts, the Tribunal applied the same treatment and allowed the deduction. en-us Mon, 02 Feb 2015 00:00:00 +0530 Mon, 03 Aug 2015 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262728 Payments made as net present value for diversion of forest land and as contribution to a Regional Wild Life Management Plan were treated as revenue expenditure allowable under section 37(1). The expenditure was incurred to satisfy forest clearance conditions and merely removed an obstruction to the continuation of existing mining operations; it did not confer any fresh mining right or extend an existing right. Following its earlier decision on identical facts, the Tribunal applied the same treatment and allowed the deduction. Case-Laws Income Tax Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262728