https://www.taxtmi.com/caselaws?id=392446 The Court held that the provision for site restoration costs made by the Assessee was an allowable deduction under Section 37(1) of the Income Tax Act. The Court found that the provision was made on a scientific basis and was a present obligation arising from past events, satisfying the criteria for deduction. The Court allowed the appeals filed by the Assessee, ruling in favor of the Assessee and against the Revenue on the substantial questions of law. en-us Thu, 23 Jan 2020 00:00:00 +0530 Thu, 20 Feb 2020 13:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392446 The Court held that the provision for site restoration costs made by the Assessee was an allowable deduction under Section 37(1) of the Income Tax Act. The Court found that the provision was made on a scientific basis and was a present obligation arising from past events, satisfying the criteria for deduction. The Court allowed the appeals filed by the Assessee, ruling in favor of the Assessee and against the Revenue on the substantial questions of law. Case-Laws Income Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392446