2019 (2) TMI 908

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....g 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 that the said payment was capital in nature and he....

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.... 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 consequences. Under such circumstances, we see no error in the view....