https://www.taxtmi.com/caselaws?id=314429 ITAT Raipur decided multiple issues in a mining company's appeal. Key outcomes: Land rehabilitation amortization and coal transportation expenses remitted to AO for fresh consideration. Land compensation expenses treated as capital expenditure following SC precedent in Arvind Mills. Guest house expenses partially allowed at reduced amount. Repair expenses on non-company assets allowed following precedent. Leave encashment provision remitted to verify actual payment timing per Section 43B(f). Community development and welfare expenses allowed as business expenditure for employee welfare. Social overhead expenses disallowance reduced from 50% to 25%. School grants and LPG welfare expenses allowed. Tree plantation expenses allowed. Apollo Hospital building depreciation disallowed, income treated as house property. Several issues including CSR expenses, mine closure provision, and TDS credit remitted to AO for verification. Additional depreciation on machinery disallowed. Computer software treated as asset eligible for depreciation. Railway siding depreciation disallowed as asset leased out. Sustainable development expenses and sports fund payments allowed as business expenditure. en-us Mon, 30 Oct 2023 00:00:00 +0530 Sat, 08 Jun 2024 14:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314429 ITAT Raipur decided multiple issues in a mining company's appeal. Key outcomes: Land rehabilitation amortization and coal transportation expenses remitted to AO for fresh consideration. Land compensation expenses treated as capital expenditure following SC precedent in Arvind Mills. Guest house expenses partially allowed at reduced amount. Repair expenses on non-company assets allowed following precedent. Leave encashment provision remitted to verify actual payment timing per Section 43B(f). Community development and welfare expenses allowed as business expenditure for employee welfare. Social overhead expenses disallowance reduced from 50% to 25%. School grants and LPG welfare expenses allowed. Tree plantation expenses allowed. Apollo Hospital building depreciation disallowed, income treated as house property. Several issues including CSR expenses, mine closure provision, and TDS credit remitted to AO for verification. Additional depreciation on machinery disallowed. Computer software treated as asset eligible for depreciation. Railway siding depreciation disallowed as asset leased out. Sustainable development expenses and sports fund payments allowed as business expenditure. Case-Laws Income Tax Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314429