https://www.taxtmi.com/caselaws?id=436442 The Tribunal allowed the appeal, vacating the addition of Rs. 6,74,000 made by the Assessing Officer as capital expenditure. The appellant successfully argued that the payment to the Department of Mines was a routine revenue expenditure, not a capital expense, as it was not refundable or adjustable and did not provide enduring benefit. The Tribunal emphasized the nature of the expenditure and distinguished between capital and revenue expenses, ultimately ruling in favor of the assessee. en-us Thu, 23 Mar 2023 00:00:00 +0530 Thu, 13 Apr 2023 07:59:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436442 The Tribunal allowed the appeal, vacating the addition of Rs. 6,74,000 made by the Assessing Officer as capital expenditure. The appellant successfully argued that the payment to the Department of Mines was a routine revenue expenditure, not a capital expense, as it was not refundable or adjustable and did not provide enduring benefit. The Tribunal emphasized the nature of the expenditure and distinguished between capital and revenue expenses, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436442