https://www.taxtmi.com/caselaws?id=302290 The Tribunal partially allowed the appeals, remanding several issues to the Assessing Officer for fresh adjudication. The Tribunal directed the assessee to provide detailed information on plant and machinery for coal extraction to support the claim for additional depreciation. It upheld the allowance of provisions for NCWA-VIII and executive ad hoc payments as crystallized liabilities. Additionally, it allowed expenditures on environment, land reclamation, sports & recreation grants, unabsorbed deduction u/s 35E, and donations as legitimate business expenses based on previous decisions. Miscellaneous issues raised by the assessee were set aside for the AO's review in line with legal principles. en-us Wed, 16 Jan 2019 00:00:00 +0530 Fri, 13 May 2022 21:04:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302290 The Tribunal partially allowed the appeals, remanding several issues to the Assessing Officer for fresh adjudication. The Tribunal directed the assessee to provide detailed information on plant and machinery for coal extraction to support the claim for additional depreciation. It upheld the allowance of provisions for NCWA-VIII and executive ad hoc payments as crystallized liabilities. Additionally, it allowed expenditures on environment, land reclamation, sports & recreation grants, unabsorbed deduction u/s 35E, and donations as legitimate business expenses based on previous decisions. Miscellaneous issues raised by the assessee were set aside for the AO's review in line with legal principles. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302290