Friday, February 22, 2019

Compensation paid by NMDC to Govt. for conducting mining beyond its sanctioned lease area allowable as deduction

IT : Compensation paid by assessee-company to Government, as per directions of Supreme Court, to conduct mining in area beyond its sanctioned lease area would be allowed as business expenditure; it was compensatory in nature and not a penalty

from www.taxmann.com Latest Case Laws https://ift.tt/2IEG1Gy
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