2019 (2) TMI 908

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....he Revenue has filed this appeal challenging the judgment of the Income Tax Appellate Tribunal ("the Tribunal" for short) raising following questions for our consideration : "(i) Whether on the facts and circumstances of the case and in law, the Tribunal was justified in deleting the addition of Rs. 1,68,94,820/on account of 'net present Value' (NPA) without appreciating the fact ....

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....ear under consideration, the assessee had expended a sum of Rs. 1.68 crores by way of payment to the various departments and obtained temporary working permission for mining purpose, which was a precondition. The Tribunal held that the payment was an essential payment required to be made for continuing its existing mining operation and nonpayment of the same would have resulted in adverse conseque....