https://www.taxtmi.com/caselaws?id=465388 A provision for mine closure expenses was treated as an accrued and allowable liability where the mining company's progressive and final closure plans had been approved under the governing regulatory framework. The liability was regarded as arising on approval of the mine closure plan, and the fact that the exact quantification or actual closure had not yet occurred did not defer accrual. Because the assessee's computation basis was not disputed, the provision was allowed and the disallowance was deleted in favour of the assessee. en-us Wed, 10 Oct 2012 00:00:00 +0530 Fri, 19 Dec 2025 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465388 A provision for mine closure expenses was treated as an accrued and allowable liability where the mining company's progressive and final closure plans had been approved under the governing regulatory framework. The liability was regarded as arising on approval of the mine closure plan, and the fact that the exact quantification or actual closure had not yet occurred did not defer accrual. Because the assessee's computation basis was not disputed, the provision was allowed and the disallowance was deleted in favour of the assessee. Case-Laws Income Tax Wed, 10 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465388