Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (8) TMI 1032 - AT - Income TaxAllowability of expenditure incurred on removal of overburden - Held that:- As relying on assessee's own for Assessment Year 2010-11 we have no hesitation in holding that the expenditure incurred on removal of overburden is to be allowed u/ s 37 (1) of the Income Tax Act, 1961 as against 1/ 10th of the expenditure allowed u/ s 35B of the Act. Before parting, we would also like to put on record our deep sense of anguish on the conduct of the Department for perpetrating a protracted litigation spread over a number of years on an issue which had already attained finality with the department not having preferred appeals before the higher forum.
|