2014 (11) TMI 1239 - SCH - Income Tax

Revision u/s 263 - Compensation paid as afforestation charges claimed as deduction - nature of expenditure - HELD THAT - Special leave petitions are dismissed.

Summary

The Supreme Court of India dismissed special leave petitions in the case. The judges were Hon'ble Mr. Justice Madan B. Lokur and Hon'ble Mrs. Justice R. Banumathi. The Petitioners were represented by multiple advocates, including Ms. Poornima Bhatt and Mr. T.M. Singh. The Respondents were represented by Mr. M.N. Krishnamani and others.