https://www.taxtmi.com/caselaws?id=388300 The appeal challenged the Income Tax Appellate Tribunal's order for Assessment Year 2005-06, specifically regarding 'Mine Development expenses' and 'Lease expenditure' as revenue expenses. The Court upheld the acceptance of these expenses as revenue and deleted the disallowance of the reimbursed amount for running a school, stating it was a reimbursement of expenditure and not in violation of the Income Tax Act. The Court admitted the appeal on the substantial question of law related to the expenses, directing the Registry to provide a copy of the order to the Tribunal for further action. en-us Mon, 04 Nov 2019 00:00:00 +0530 Sat, 16 Nov 2019 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388300 The appeal challenged the Income Tax Appellate Tribunal's order for Assessment Year 2005-06, specifically regarding 'Mine Development expenses' and 'Lease expenditure' as revenue expenses. The Court upheld the acceptance of these expenses as revenue and deleted the disallowance of the reimbursed amount for running a school, stating it was a reimbursement of expenditure and not in violation of the Income Tax Act. The Court admitted the appeal on the substantial question of law related to the expenses, directing the Registry to provide a copy of the order to the Tribunal for further action. Case-Laws Income Tax Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388300