https://www.taxtmi.com/caselaws?id=347961 The Tribunal partially allowed the appeal by upholding the disallowance of depreciation on mining rights under Section 32 of the Income Tax Act, 1961. However, it directed the Assessing Officer to allow the deduction of Rs. 35,00,000 under Section 37(1) for compensation paid to the landowner for mining activities. The ground concerning the disallowance of revenue expenditure under Section 35(2AB) was dismissed as not pressed. en-us Tue, 22 Aug 2017 00:00:00 +0530 Thu, 14 Sep 2017 08:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347961 The Tribunal partially allowed the appeal by upholding the disallowance of depreciation on mining rights under Section 32 of the Income Tax Act, 1961. However, it directed the Assessing Officer to allow the deduction of Rs. 35,00,000 under Section 37(1) for compensation paid to the landowner for mining activities. The ground concerning the disallowance of revenue expenditure under Section 35(2AB) was dismissed as not pressed. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347961