https://www.taxtmi.com/caselaws?id=330136 The Tribunal allowed the appeal, directing the A.O. to delete the additions made towards land reclamation and afforestation expenditure, recognizing the provision as an allowable deduction under the mercantile system of accounting. The Tribunal emphasized the statutory and contractual obligations necessitating these expenses and treated them as revenue expenditure. en-us Fri, 10 Jun 2016 00:00:00 +0530 Tue, 19 Jul 2016 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330136 The Tribunal allowed the appeal, directing the A.O. to delete the additions made towards land reclamation and afforestation expenditure, recognizing the provision as an allowable deduction under the mercantile system of accounting. The Tribunal emphasized the statutory and contractual obligations necessitating these expenses and treated them as revenue expenditure. Case-Laws Income Tax Fri, 10 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330136