Reclamation & rehabilitation expenditure allowable under section 37(1)

P. Venganna Setty and Brothers Vs ACIT (ITAT Bangalore)

Facts-

In the present case appeal is preferred by the assessee against the expense of INR 13,02,180 towards reclamation and rehabilitation of mine area disallowed by the revenue.

Conclusion-

It is clear that the Hon’ble Supreme Court directed compensatory payment to be made by the lease holders of various mines for Restoration a

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