Amortization of Mining Lease Charges Allowed Under Section 35: ITAT Jaipur

Barmer Lignite Mining Company Limited Vs DCIT (ITAT Jaipur)

In the matter abovementioned ITAT Jaipur allows Amortization of Surface Rights u/s 35.

Assessee being a subsidiary of M/s. Rajasthan State Mines and Minerals Ltd. (RSMML) (a Government of Rajasthan Undertaking). It engaged in business of carrying out lignite mining activities at Kapurdi Mines from October, 2011. Assessee company was formed as JV Company wherein 51% holding is of M/s. RSMML and 49% is of M/s. RWPL (M/s. Raj West Power Limited (RWPL). To execute obligations under IA (imlplementation agreement) and JV

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