https://www.taxtmi.com/caselaws?id=407856 ITAT Hyderabad allowed the assessee's appeals on multiple grounds. Capital work-in-progress expenditure for unsuccessful/closed mines was held to be revenue expenditure and allowed as deduction. Interest receivable from a sick subsidiary company declared by BIFR was not taxable on accrual basis due to uncertainty of receipt. Prior period expenditure was allowed in the year it crystallized. TDS liability under section 194A was deleted where amounts were deposited in court per court orders rather than paid directly to recipients. Depreciation on mine development expenditure was allowed at 15% instead of 10% as plant and machinery. Section 40(a)(ia) disallowance was deleted where TDS was deducted at lower rates rather than not deducted at all. en-us Thu, 20 May 2021 00:00:00 +0530 Thu, 03 Jul 2025 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407856 ITAT Hyderabad allowed the assessee's appeals on multiple grounds. Capital work-in-progress expenditure for unsuccessful/closed mines was held to be revenue expenditure and allowed as deduction. Interest receivable from a sick subsidiary company declared by BIFR was not taxable on accrual basis due to uncertainty of receipt. Prior period expenditure was allowed in the year it crystallized. TDS liability under section 194A was deleted where amounts were deposited in court per court orders rather than paid directly to recipients. Depreciation on mine development expenditure was allowed at 15% instead of 10% as plant and machinery. Section 40(a)(ia) disallowance was deleted where TDS was deducted at lower rates rather than not deducted at all. Case-Laws Income Tax Thu, 20 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407856