Held that expenditure incurred on guarantee payments for resuming mining activity, expenditure on discharging social responsibility, contributions to flood relief work, legal fees to Federation of Mining Industries are allowable as revenue expenditure. (AY. 2012-13 to 2014-15)
Zeenath Transport Company v. ACIT (2021) 92 ITR 460 (Bang.) (Trib.)
S. 37(1) : Business expenditure-Mining business-Stopped by order of Supreme Court-Guarantee payments for resuming mining activity-Expenditure on discharging social responsibility-Contributions to flood relief work-Legal fees to Federation of Mining Industries-Allowable as revenue expenditure.