https://www.taxtmi.com/caselaws?id=456508 ITAT Hyderabad partially allowed Revenue's appeal regarding overburden charges claimed by mining company. Assessee claimed expenditure for overburden removal through subcontractors but lacked proper agreements, PAN details, and bank details of subcontractors. While CIT(A) deleted entire addition, ITAT held that since assessee earned mining income of Rs. 2.76 crores, some overburden expenditure was inevitable for operations. However, due to inadequate documentation and involvement of unknown related party contractors, ITAT estimated 25% disallowance of overburden charges as reasonable, allowing 75% of claimed expenditure. en-us Thu, 19 Oct 2023 00:00:00 +0530 Tue, 30 Jul 2024 20:10:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456508 ITAT Hyderabad partially allowed Revenue's appeal regarding overburden charges claimed by mining company. Assessee claimed expenditure for overburden removal through subcontractors but lacked proper agreements, PAN details, and bank details of subcontractors. While CIT(A) deleted entire addition, ITAT held that since assessee earned mining income of Rs. 2.76 crores, some overburden expenditure was inevitable for operations. However, due to inadequate documentation and involvement of unknown related party contractors, ITAT estimated 25% disallowance of overburden charges as reasonable, allowing 75% of claimed expenditure. Case-Laws Income Tax Thu, 19 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456508