https://www.taxtmi.com/caselaws?id=387745 The Tribunal allowed the appeal, granting deductions for the liability towards Mumbai Port Trust, additional royalty claims, and exploratory/evaluation study expenses, recognizing them as revenue expenditures in the year they crystallized. The Tribunal held that the liabilities had crystallized despite ongoing litigation and that the expenses were revenue in nature, not resulting in new assets or enduring benefits. en-us Tue, 22 Oct 2019 00:00:00 +0530 Thu, 31 Oct 2019 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387745 The Tribunal allowed the appeal, granting deductions for the liability towards Mumbai Port Trust, additional royalty claims, and exploratory/evaluation study expenses, recognizing them as revenue expenditures in the year they crystallized. The Tribunal held that the liabilities had crystallized despite ongoing litigation and that the expenses were revenue in nature, not resulting in new assets or enduring benefits. Case-Laws Income Tax Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387745