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2017 (5) TMI 1714 - AT - Income TaxDisallowance of mine closure obligation - HELD THAT:- As decided in own case [2014 (9) TMI 629 - ITAT HYDERABAD] Mine closure obligation is not a contingent liability but an ascertained liability. Since the quantum of such ascertained liability has to be determined year-wise, we direct the assessee to furnish the relevant data to the Assessing Officer towards mines closure obligation. The Assessing Officer shall verify such data and recompute the disallowance, if any, warranted, in accordance with law and after giving reasonable opportunity of hearing to the assessee. Assessee's grounds on this issue are treated as allowed for statistical purposes Depreciation on lease hold land treating the same as intangible asset - HELD THAT:- Assessee is entitled to depreciation as charged to the P & L account in accordance with its business exigencies. We direct accordingly. On the claim of deduction/s.80G, the A.O., is directed to verify the receipts and allow the deduction in accordance with the provisions of Income-tax Act,1961 Claim of expenditure towards Corporate Social responsibility - HELD THAT:- Direct the Assessing Officer to examine the nature of the expenditure claimed in this year also and accordingly redetermine the allowability of such expenditure in accordance with law and in consonance with the observations of the Tribunal for earlier years.
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