Mine development expenses - deferred revenue expenditure - Though there is no reference in the...

Mine development expenses - deferred revenue expenditure - Though there is no reference in the Income-tax Act, 1961, the accounting principle recognizes such claim proportionately. Therefore, this Tribunal is of the considered opinion that the assessee has rightly claimed 1/5th of the expenditure during the year - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X