https://www.taxtmi.com/caselaws?id=471877 Stamp duty paid to renew a mining licence is capital expenditure where it is substantive consideration for a transferable right to extract minerals and provides an enduring business benefit. Its label as stamp duty, term-based character, and recurring nature do not alter that character; it is not a current deduction under Section 37(1). The capitalised renewal cost forms the cost of an intangible business asset eligible for depreciation under Section 32 and Rule 5. Suspension of mining operations does not allow immediate deduction of the full unamortised balance; recovery occurs through depreciation at the prescribed rate. en-us Wed, 11 Feb 2026 00:00:00 +0530 Tue, 22 Sep 2026 08:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471877 Stamp duty paid to renew a mining licence is capital expenditure where it is substantive consideration for a transferable right to extract minerals and provides an enduring business benefit. Its label as stamp duty, term-based character, and recurring nature do not alter that character; it is not a current deduction under Section 37(1). The capitalised renewal cost forms the cost of an intangible business asset eligible for depreciation under Section 32 and Rule 5. Suspension of mining operations does not allow immediate deduction of the full unamortised balance; recovery occurs through depreciation at the prescribed rate. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471877