ITAT Hyderabad allows 75% of Overburden Removal Expenditure

ACIT Vs Veerabhadra Minerals Private Limited (ITAT Hyderabad)

Introduction: The recent decision by the Income Tax Appellate Tribunal (ITAT) Hyderabad in the case of ACIT vs. Veerabhadra Minerals Private Limited involves the allowance of 75% of overburden removal expenditure claimed by the assessee. The dispute arose from the assessment year 2013-14, with the Revenue challenging the order of the Commissioner of Income Tax (Appeals)-11 (CIT(A)).

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