Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
ITAT Allows Amortization of Surface Rights u/s 35E, Upholds Mining Lease Expenditure as Business Right
Income Tax
The ITAT has allowed the amortization of surface rights and upheld mining lease expenditure as a business right. This decision provides clarity on the tax treatment of these expenses for businesses in the mining sector. The ITAT's ruling clarifies the distinction between capital and revenue expenditure in the context of mining operations. This decision provides guidance for businesses in the mining industry regarding the deductibility of certain expenses.
