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2017 (3) TMI 1833 - HC - Income TaxNature of expenditure - Payment made by way of compensation by the assessee as per the direction of the Apex Court for mining lease to the Forest Department - revenue expenditure or a capital expenditure - HELD THAT:- Tribunal in the impugned order has relied upon its earlier decision in case of M/s.Ramgad Minerals and Mining Pvt.Ltd.,and the very decision of the Tribunal was carried before this Court in [2012 (1) TMI 313 - KARNATAKA HIGH COURT] and this Court has dismissed the appeal of the Revenue and it has been further stated that SLP was preferred against the aforesaid decision of this Court in case of Ramgad supra and the said SLP has also been dismissed. We may record that in view of aforesaid decision as such, no substantial questions of law would arise for consideration. But even if it is to be examined, in view of the aforesaid decision that the decision of the Tribunal has been not interfered with by this Court and SLP is dismissed, the question has to be answered against the Revenue and in favour of Assessee.
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