https://www.taxtmi.com/caselaws?id=271241 The High Court upheld the Income Tax Appellate Tribunal's decisions on various issues. It deemed the provision for increments based on the National Coal Wage Agreement as justifiable due to the certainty of the liability. Overloading charges paid to railways were considered deductible as they were part of the contractual obligations and not intentional. The compensation expenditure for land acquisition was treated as revenue expenditure, following the ITAT's ruling. Ultimately, the court found no substantial legal questions and dismissed the appeals without costs. en-us Wed, 13 Jan 2016 00:00:00 +0530 Sat, 30 Jan 2016 10:15:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271241 The High Court upheld the Income Tax Appellate Tribunal's decisions on various issues. It deemed the provision for increments based on the National Coal Wage Agreement as justifiable due to the certainty of the liability. Overloading charges paid to railways were considered deductible as they were part of the contractual obligations and not intentional. The compensation expenditure for land acquisition was treated as revenue expenditure, following the ITAT's ruling. Ultimately, the court found no substantial legal questions and dismissed the appeals without costs. Case-Laws Income Tax Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271241