https://www.taxtmi.com/caselaws?id=6185 Payment made under a compromise to renew a mining lease was treated as revenue expenditure because it was incurred to secure continued possession of the demised land and to carry on mining operations. The liability became ascertained only on the compromise, and the expenditure was found to be wholly and exclusively for business purposes. Deductibility depended on the Tribunal's factual conclusion, which was supported by evidence, so no referable question of law arose for interference. en-us Thu, 16 Apr 1970 00:00:00 +0530 Wed, 03 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6185 Payment made under a compromise to renew a mining lease was treated as revenue expenditure because it was incurred to secure continued possession of the demised land and to carry on mining operations. The liability became ascertained only on the compromise, and the expenditure was found to be wholly and exclusively for business purposes. Deductibility depended on the Tribunal's factual conclusion, which was supported by evidence, so no referable question of law arose for interference. Case-Laws Income Tax Thu, 16 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6185