https://www.taxtmi.com/caselaws?id=196417 The court upheld the ITAT's decisions, classifying various sums as business expenditure and revenue rather than capital expenditure. It affirmed that expenses were necessary for business operations and not of an enduring nature. The court dismissed the appeals, confirming mine development costs, compensation to landowners, consultancy charges, and payments to the State Government as revenue expenditures. Contributions to the State Renewal Fund were allowed as legitimate business expenses. Expenditure under Section 35E of the Income Tax Act was deemed deductible. The judgments relied on precedents and legal principles, favoring the assessee over the department. en-us Tue, 30 May 2017 00:00:00 +0530 Wed, 29 Nov 2017 21:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196417 The court upheld the ITAT's decisions, classifying various sums as business expenditure and revenue rather than capital expenditure. It affirmed that expenses were necessary for business operations and not of an enduring nature. The court dismissed the appeals, confirming mine development costs, compensation to landowners, consultancy charges, and payments to the State Government as revenue expenditures. Contributions to the State Renewal Fund were allowed as legitimate business expenses. Expenditure under Section 35E of the Income Tax Act was deemed deductible. The judgments relied on precedents and legal principles, favoring the assessee over the department. Case-Laws Income Tax Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196417