https://www.taxtmi.com/caselaws?id=465388 Whether a mining entity could deduct a provision for mine-closure obligations as an accrued liability was determined by applying the Mineral Conservation and Development Rules, which require submission of progressive and final mine-closure plans and approval by the competent mining authority. The Tribunal held that, upon obtaining the requisite approval, the statutory obligation crystallizes and constitutes an accrued liability, and mere uncertainty as to the exact quantum does not defer accrual; further, the Revenue did not dispute the computation basis. Consequently, the disallowance of the provision was unsustainable, the deletion by the CIT(A) was upheld, and the Revenue's appeal ground was dismissed. 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 Whether a mining entity could deduct a provision for mine-closure obligations as an accrued liability was determined by applying the Mineral Conservation and Development Rules, which require submission of progressive and final mine-closure plans and approval by the competent mining authority. The Tribunal held that, upon obtaining the requisite approval, the statutory obligation crystallizes and constitutes an accrued liability, and mere uncertainty as to the exact quantum does not defer accrual; further, the Revenue did not dispute the computation basis. Consequently, the disallowance of the provision was unsustainable, the deletion by the CIT(A) was upheld, and the Revenue's appeal ground was dismissed. Case-Laws Income Tax Wed, 10 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465388