https://www.taxtmi.com/caselaws?id=371687 The ITAT allowed the full claim of Rs. 60,00,000 as revenue expenditure under Section 37(1) for the compensation paid for vacating land within the leased mining area. The tribunal rejected the CIT(A)'s restriction and emphasized the expenditure's business purpose alignment with Supreme Court principles. Additionally, the ITAT upheld the deletion of the addition of Rs. 13,70,733 towards employee contributions to PF and ESI, citing precedents that contributions made before the due date of filing the return should be allowed. en-us Tue, 04 Dec 2018 00:00:00 +0530 Sat, 08 Dec 2018 06:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371687 The ITAT allowed the full claim of Rs. 60,00,000 as revenue expenditure under Section 37(1) for the compensation paid for vacating land within the leased mining area. The tribunal rejected the CIT(A)'s restriction and emphasized the expenditure's business purpose alignment with Supreme Court principles. Additionally, the ITAT upheld the deletion of the addition of Rs. 13,70,733 towards employee contributions to PF and ESI, citing precedents that contributions made before the due date of filing the return should be allowed. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371687