Payment of lease rent for acquiring mining rights is capital expenditure

ZF Steering Gear (India) Ltd. Vs DCIT (ITAT Pune) ITAT Pune held that lease rent paid for acquiring mining rights is capital in nature and hence deduction against the same is not allowable. Facts- Return of the assessee was assessed and vide order passed u/s 143(3) various disallowances were made. Being aggrieved by the disallowances, an appeal was filed before CIT(A), who vide impugned order confirmed addition u/s 14A and also confirmed the disallowance of claim for allowance of balance of additional depreciation in the subsequent assessment year. However, CIT(A) held that the subsidy receive...