https://www.taxtmi.com/caselaws?id=462620 The Tribunal allowed the appeal on multiple grounds. First, no TDS deduction was required under Section 194A on interest payments directly deposited in court or with statutory authorities, thus disallowance under Section 40(a)(ia) was not warranted. Second, expenditure on closure of working mines, including salaries, wages, civil works, equipment, stores, spares, proportionate interest, depreciation and overheads, constituted revenue expenditure eligible for write-off as these expenses were incurred for business purposes without creating enduring assets. Third, mine development expenses on working mines not resulting in revenue-yielding assets with enduring benefit qualified as revenue expenditure. Fourth, capital expenditure on coal mines' plant and machinery was entitled to 15% depreciation rate rather than 10% applicable to buildings. The Tribunal consistently followed its coordinate bench's consolidated order dated 20.05.2021 for similar factual situations. en-us Mon, 25 Oct 2021 00:00:00 +0530 Fri, 04 Jul 2025 19:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462620 The Tribunal allowed the appeal on multiple grounds. First, no TDS deduction was required under Section 194A on interest payments directly deposited in court or with statutory authorities, thus disallowance under Section 40(a)(ia) was not warranted. Second, expenditure on closure of working mines, including salaries, wages, civil works, equipment, stores, spares, proportionate interest, depreciation and overheads, constituted revenue expenditure eligible for write-off as these expenses were incurred for business purposes without creating enduring assets. Third, mine development expenses on working mines not resulting in revenue-yielding assets with enduring benefit qualified as revenue expenditure. Fourth, capital expenditure on coal mines' plant and machinery was entitled to 15% depreciation rate rather than 10% applicable to buildings. The Tribunal consistently followed its coordinate bench's consolidated order dated 20.05.2021 for similar factual situations. Case-Laws Income Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462620