Contribution of Rs. 212.52 Crores to CAF amounts to Revenue Expenditure: Bombay HC Rules in Favour of Tata Steel Limited [Read Order]

The Court dismissed the appeal against Tata Steel Ltd
Contribution - Crores to CAF amounts - Revenue Expenditure-Bombay HC Rules - Favour of Tata Steel Limited - taxscan

The Bombay High Court in a ruling in favour of Tata Steel limited held that a contribution of Rs. 212.52 Crores to the Compensatory Afforestation Fund (“CAF”)  amounts to Revenue Expenditure. The Court dismissed the appeal. Tata Steel Ltd, the respondent assessee is engaged in the business of manufacturing of iron and steel products.  Assessee…

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