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2017 (10) TMI 1457 - HC - Income TaxNature of expenses - expenses claimed as compensation for rock phosphate - revenue or capital expenditure - HELD THAT:- The issue is now covered by the decision of this court in the case of CIT Jaipur vs. M/s Rajasthan State Mines & Mi [2016 (12) TMI 1658 - RAJASTHAN HIGH COURT] we are of the opinion that the expenses which gives fruitful result require to be done according to the necessity of relevant time and development with the nature of expenses. In that view of the matter, it cannot be capital expenses and is to be considered as revenue expenses. - Decided in favour of the assessee.
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