2000 INSC 0227
SUPREME COURT OF INDIA

New India Mining Corporation Pvt. Ltd.

Vs.
Commissioner of Income Tax

C.A.Nos.6714 and 6716-21 of 1994

                                    (D.P.Wadhwa and N.Santosh Hedge JJ.)

15.02.2000

                                                       ORDER

The Text below is only a summarized version of the order pronounced

Government granted predecessor of appellant lease for period of 30 years on terms and conditions.
No expenditure incurred by appellant for purpose of restoring the lease land to original condition.
Lease agreement provided obligation for restoration of land to original condition. Assessee claimed
estimated liability for restoration charges as deduction. Supreme Court held that such liability
cannot be allowed as deduction as assessee had not incurred any expenditure for restoration charges.