https://www.taxtmi.com/caselaws?id=461822 ITAT Jaipur allowed assessee's appeal regarding mining expenditure deductions. The tribunal held that mine closure plan costs and Corporate Environment Responsibility provisions were allowable as revenue expenditure, applying matching principle between revenues and costs. Amortization of mining lease charges was permitted as these costs relate to raw material extraction for power generation. Interest under section 234A was deleted as return was filed within time. CER provisions were distinguished from CSR expenditure, being mandatory regardless of profit/loss. The tribunal rejected revenue's appeal on mine closure costs, noting these were recovered through transfer pricing and disallowance would constitute double taxation. en-us Mon, 16 Dec 2024 00:00:00 +0530 Mon, 28 Apr 2025 11:38:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461822 ITAT Jaipur allowed assessee's appeal regarding mining expenditure deductions. The tribunal held that mine closure plan costs and Corporate Environment Responsibility provisions were allowable as revenue expenditure, applying matching principle between revenues and costs. Amortization of mining lease charges was permitted as these costs relate to raw material extraction for power generation. Interest under section 234A was deleted as return was filed within time. CER provisions were distinguished from CSR expenditure, being mandatory regardless of profit/loss. The tribunal rejected revenue's appeal on mine closure costs, noting these were recovered through transfer pricing and disallowance would constitute double taxation. Case-Laws Income Tax Mon, 16 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461822