https://www.taxtmi.com/caselaws?id=2999 The High Court dismissed one appeal regarding exploration expenses, upholding the disallowance as unrelated to the project. Another appeal on pre-effective costs was rejected due to lack of evidence linking them to post-incorporation activities. The plea to allow expenses on the amortization principle was denied as they were incurred by the holding company. The claim for Site Restoration Cost was disallowed by the Tribunal, leading to an appeal by the assessee. The High Court remanded this appeal back to the Tribunal for reconsideration. en-us Wed, 14 Mar 2007 00:00:00 +0530 Wed, 30 Jul 2008 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2999 The High Court dismissed one appeal regarding exploration expenses, upholding the disallowance as unrelated to the project. Another appeal on pre-effective costs was rejected due to lack of evidence linking them to post-incorporation activities. The plea to allow expenses on the amortization principle was denied as they were incurred by the holding company. The claim for Site Restoration Cost was disallowed by the Tribunal, leading to an appeal by the assessee. The High Court remanded this appeal back to the Tribunal for reconsideration. Case-Laws Income Tax Wed, 14 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2999