https://www.taxtmi.com/caselaws?id=362736 A statutory mine-restoration obligation arising from ongoing mining operations was treated as an ascertained liability deductible in principle because it had accrued and could be reasonably estimated, but the quantum required year-wise verification and was remanded. ROC fees for increase of authorised capital were treated as prima facie capital in nature, yet the alternative claim based on conversion of existing preference shares required factual examination and was sent back for fresh adjudication. CSR-related expenditure was allowed only to the extent it was supported and genuinely incurred for business purposes, while unsupported or non-business items were disallowed and the remaining items were remanded for verification. en-us Wed, 27 Jun 2018 00:00:00 +0530 Mon, 02 Jul 2018 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362736 A statutory mine-restoration obligation arising from ongoing mining operations was treated as an ascertained liability deductible in principle because it had accrued and could be reasonably estimated, but the quantum required year-wise verification and was remanded. ROC fees for increase of authorised capital were treated as prima facie capital in nature, yet the alternative claim based on conversion of existing preference shares required factual examination and was sent back for fresh adjudication. CSR-related expenditure was allowed only to the extent it was supported and genuinely incurred for business purposes, while unsupported or non-business items were disallowed and the remaining items were remanded for verification. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362736