https://www.taxtmi.com/caselaws?id=181781 The High Court upheld the ITAT's decision to allow pre-project expenses as revenue expenditure for the assessment year 2000-01. The expenses incurred by the public sector undertaking for exploration activities necessary for mining operations were considered revenue expenditure due to the uncertain outcome of such activities. The court found that the expenses were directly related to achieving the business objective and essential for the mining business, thus dismissing the appeal against the ITAT's decision. en-us Mon, 29 Aug 2011 00:00:00 +0530 Mon, 02 Oct 2017 20:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181781 The High Court upheld the ITAT's decision to allow pre-project expenses as revenue expenditure for the assessment year 2000-01. The expenses incurred by the public sector undertaking for exploration activities necessary for mining operations were considered revenue expenditure due to the uncertain outcome of such activities. The court found that the expenses were directly related to achieving the business objective and essential for the mining business, thus dismissing the appeal against the ITAT's decision. Case-Laws Income Tax Mon, 29 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181781