https://www.taxtmi.com/caselaws?id=185732 The High Court upheld the Tribunal's decision that expenses for levelling and adjustment of iron ore and repairing roads were capital expenditures, not of revenue nature. The Court found the assessee eligible for deduction under s. 35E of the IT Act due to their activities related to mineral extraction and production. The Court dismissed the assessee's challenge to the classification of expenses and rejected the allegation of perversity in the Tribunal's order. The assessee's entitlement to deduction under s. 35E was affirmed, and the application for a reference under s. 256(2) of the IT Act was denied. en-us Fri, 14 Dec 1990 00:00:00 +0530 Wed, 24 Aug 2016 17:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185732 The High Court upheld the Tribunal's decision that expenses for levelling and adjustment of iron ore and repairing roads were capital expenditures, not of revenue nature. The Court found the assessee eligible for deduction under s. 35E of the IT Act due to their activities related to mineral extraction and production. The Court dismissed the assessee's challenge to the classification of expenses and rejected the allegation of perversity in the Tribunal's order. The assessee's entitlement to deduction under s. 35E was affirmed, and the application for a reference under s. 256(2) of the IT Act was denied. Case-Laws Income Tax Fri, 14 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185732