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Payments to Government for diversion of forest land for non-forest purposes, amounts to compensation is revenue expense
Case Law Details
- Case Name
- M/s. Mysore Minerals Ltd. Vs. Assistant Commissioner of Income Tax (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2004- 05 To 2006- 07
- Courts
- All ITAT, ITAT Bangalore
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ITAT BANGALORE BENCH ‘C’
Mysore Minerals Ltd.
versus
Assistant Commissioner of Income-tax, Circle 12(1), Bangalore
IT Appeal Nos. 679, 680 & 733 (Bang.) of 2010
and 350 & 351 (Bang.) of 2011
[ASSESSMENT YEARS 2004-05 TO 2006-07]
NOVEMBER 2, 2012
ORDER
Jason P. Boaz, Accountant Member
These are appeals by the assessee for Assessment Year 2004-05 and cross appeals of both the assessee and revenue for Assessment Years 2005-06 and 2006-07. Since common issues are involved, these appeals are being disposed off by way of common order for the sake of convenience.
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