ITAT directs to delete 75% of total addition made towards Overburden Removal Expenditure incurred for  Mining Operations [Read Order]

ITAT - total addition - addition -Overburden - taxscan

The Income Tax Appellate Tribunal (ITAT), Hyderabad bench directed to delete 75% of total addition made towards the overburden removal expenditure incurred for mining operations. The assessee, Veerabhadra Minerals  is engaged in the business of mining contracts. In pit mining operations, it is necessary to remove overburden and other barren waste materials to access ore…

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