https://www.taxtmi.com/caselaws?id=758625 The ITAT ruled in favor of the Assessee, determining that the Rs. 212.52 crores contribution to the Compensatory Afforestation Fund should be treated as revenue expenditure, aligning with previous decisions by various ITAT Benches and the Bombay HC (Goa Bench). The court dismissed the Revenue's appeal, finding no substantial question of law. en-us Wed, 17 Apr 2024 00:00:00 +0530 Mon, 16 Sep 2024 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758625 The ITAT ruled in favor of the Assessee, determining that the Rs. 212.52 crores contribution to the Compensatory Afforestation Fund should be treated as revenue expenditure, aligning with previous decisions by various ITAT Benches and the Bombay HC (Goa Bench). The court dismissed the Revenue's appeal, finding no substantial question of law. Case-Laws Income Tax Wed, 17 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758625