https://www.taxtmi.com/caselaws?id=281136 The court upheld the classification of compensation paid to landowners for mineral extraction as revenue expenditure, allowed the deduction for contribution to the State Renewal Fund and contributions to Social Welfare Activities, affirmed the classification of income from the sale of Carbon Emission Reduction Certificates as capital income, and permitted the deduction for Mines Closure Expenses. The appeal was dismissed, and all issues were resolved in favor of the assessee. en-us Fri, 13 Oct 2017 00:00:00 +0530 Wed, 05 Jun 2019 06:22:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281136 The court upheld the classification of compensation paid to landowners for mineral extraction as revenue expenditure, allowed the deduction for contribution to the State Renewal Fund and contributions to Social Welfare Activities, affirmed the classification of income from the sale of Carbon Emission Reduction Certificates as capital income, and permitted the deduction for Mines Closure Expenses. The appeal was dismissed, and all issues were resolved in favor of the assessee. Case-Laws Income Tax Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281136