https://www.taxtmi.com/caselaws?id=369154 The Tribunal allowed the assessee's appeals for AYs 2013-14 and 2014-15, permitting the payment towards Special Purpose Vehicle and compensation for illegal mining as compensatory and allowable under section 37(1) of the Act. The Tribunal also upheld the allowance of mine closure obligation expenses, depreciation on intangible assets, and directed a recalculation of corporate social responsibility expenses after disallowing capital expenses. The addition of interest on income tax was rejected as not pressed. The Revenue's appeals were dismissed based on precedents and decisions from earlier years. en-us Wed, 17 Oct 2018 00:00:00 +0530 Fri, 21 Dec 2018 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369154 The Tribunal allowed the assessee's appeals for AYs 2013-14 and 2014-15, permitting the payment towards Special Purpose Vehicle and compensation for illegal mining as compensatory and allowable under section 37(1) of the Act. The Tribunal also upheld the allowance of mine closure obligation expenses, depreciation on intangible assets, and directed a recalculation of corporate social responsibility expenses after disallowing capital expenses. The addition of interest on income tax was rejected as not pressed. The Revenue's appeals were dismissed based on precedents and decisions from earlier years. Case-Laws Income Tax Wed, 17 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369154