{"id":320892,"date":"2024-04-27T12:00:28","date_gmt":"2024-04-27T06:30:28","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=320892"},"modified":"2024-05-03T17:03:57","modified_gmt":"2024-05-03T11:33:57","slug":"tata-steel-contribution-212-52-cr-to-compensatory-afforestation-fund-treated-as-revenue-expenditure-bombay-high-court","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/27\/tata-steel-contribution-212-52-cr-to-compensatory-afforestation-fund-treated-as-revenue-expenditure-bombay-high-court\/","title":{"rendered":"Tata Steel\u2019s contribution of Rs. 212.52 cr made to Compensatory Afforestation Fund to be treated as Revenue expenditure:Bombay High Court reiterates"},"content":{"rendered":"
\n

Bombay High Court:<\/span> In an appeal under Section 260A<\/a> of the Income Tax Act, 1961<\/a> (‘Act’) preferred by the Principal Commissioner of Income Tax against the order passed by the Income Tax Appellate Tribunal in favor of Tata Steel Ltd., a Division Bench comprising of K.R. Shriram and Dr. Neela Gokhale, JJ. upheld the impugned order while reiterating that the contribution made towards the Compensatory Afforestation Fund (‘CAF’) would be revenue expenditure and not capital in nature.<\/p>\n

Tata Steel, engaged in the business of manufacturing iron and steel products, had filed the return of income for the assessment year 2006-2007, declaring the total income as Rs. 44,22,82,61,971\/-. The return of income was processed under Section 143(1)<\/a> of the Act<\/a> and after a later assessment, the income was determined as Rs. 4489.32 crores.<\/p>\n

The Commissioner of Income Tax (‘CIT’) exercised powers under Section 263<\/a> of the Act<\/a> and issued a notice to set aside the original assessment order on three issues with a direction to the Assessing Officer (‘AO’) to pass a fresh assessment order.<\/p>\n

The present appeal deals with only one of the three issues regarding the allowability of Tata Steel’s contribution to the Compensatory Afforestation Fund (‘CAF’) amounting to Rs. 212.52 crores.<\/p>\n

The AO passed an order under Section 143(3)<\/a> read with Section 263<\/a> of the Act<\/a> wherein he disallowed the contribution made by Tata Steel to the CAF. Aggrieved by this, an appeal was preferred to the CIT (Appeals), who dismissed the same. Tata Steels filed two appeals before the Income Tax Appellate Tribunal (ITAT), one impugned the order passed by the CIT and another impugned the order passed by the CIT (Appeals).<\/p>\n

The ITAT allowed both appeals and stated on the issue of CAF that, an identical issue had been decided in favor of the Assessee by various benches of ITAT. While reiterating the order passed in The Commissioner of Income Tax<\/span> v. Ramgad Minerals & Minings Pvt. Ltd.<\/span>1<\/sup><\/a>, it was held that the CIT was not justified in invoking the provisions of Section 263<\/a> of the Act<\/a>. This order of ITAT is impugned in this appeal.<\/p>\n

The Court, after considering the facts and circumstances of this case, said that the only issue and substantial question of law which arises in this appeal is “whether Assessee was entitled to treat the contribution of Rs. 212.52 crores to CAF as capital in nature or as revenue expenditure as claimed by Assessee”<\/span>.<\/p>\n

While referring to the case of The Commissioner of Income Tax<\/span> v. Prafulla R. Hede<\/span>2<\/sup><\/a>, the Court held that the issue is no more res-integra<\/span> since the Goa Bench of this Court had already accepted that contribution to CAF will be revenue expenditure and not capital in nature, and even the Special Leave Petition that was filed by the Revenue against the case mentioned above had been dismissed. Thus, while dismissing the appeal, the Court held that no substantial question of law arose in this matter.<\/p>\n

[Principal Commissioner of Income Tax v. Tata Steel Ltd., 2024 SCC OnLine Bom 1148<\/a><\/span>]<\/p>\n\n

Advocates who appeared in this case :<\/p>\n

For Appellant —<\/span> Advocate Suresh Kumar<\/p>\n

For Respondent —<\/span> Advocate Nishant Thakkar, Advocate Jasmin Amalsadvala, Advocate Bhavesh Bhatia<\/p>\n<\/div>\n\n

1.<\/a> ITA No. 5021 of 2009 dated 6th<\/span> January 2012.<\/p>\n

2.<\/a> Tax Appeal No. 15 of 2012 dated 6th<\/span> February 2012<\/p>\n","protected":false},"excerpt":{"rendered":"

The Court held that contribution to Compensatory Afforestation Fund will be considered as revenue expenditure and not capital in nature<\/p>\n","protected":false},"author":67011,"featured_media":314919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,10],"tags":[2569,68037,67607,30953,37117,30227],"class_list":["post-320892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-highcourts","tag-Bombay_High_Court","tag-compensatory-afforestation-fund","tag-income-tax-appeal","tag-itat","tag-revenue-expenditure","tag-tata-steel"],"yoast_head":"\nTata Steel\u2019s contribution of 212.52 Cr to Compensatory Afforestation Fund to be treated as Revenue expenditure, says Bombay High Court | SCC Times<\/title>\n<meta name=\"description\" content=\"Bombay High Court upholds order of ITAT to treat the 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Shriram has displayed keen legal acumen across diverse legal fields and imparted wisdom through his decisions as a Judge.","rel":"","context":"In "Know thy Judge"","block_context":{"text":"Know thy Judge","link":"https:\/\/www.scconline.com\/blog\/post\/category\/judges-information\/"},"img":{"alt_text":"Justice Shriram","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Justice-Shriram.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Justice-Shriram.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Justice-Shriram.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Justice-Shriram.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":60141,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/08\/05\/the-compensatory-afforestation-fund-act-2016\/","url_meta":{"origin":320892,"position":1},"title":"The Compensatory Afforestation Fund Act, 2016","author":"Sucheta","date":"August 5, 2016","format":false,"excerpt":"The Compensatory Afforestation Fund Act, 2016 (38 of 2016) receives President\u2019s assent on the 3rd August, 2016.\u00a0The object of the Act is to provide for the establishment of funds under the public accounts of India and the public accounts of each State and crediting thereto the monies received from the\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/parliamentSM.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":58872,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/07\/29\/rajya-sabha-passes-compensatory-afforestation-fund-bill-2016\/","url_meta":{"origin":320892,"position":2},"title":"Rajya Sabha passes Compensatory Afforestation Fund Bill, 2016","author":"Sucheta","date":"July 29, 2016","format":false,"excerpt":"Rajya Sabha passes The Compensatory Afforestation Fund Bill,\u00a02016.\u00a0\u00a0 The Bill had earlier been passed by Lok Sabha in May 2016. Background to Compensatory Afforestation Bill, 2016 The passing of the Bill has ended the long era of ad-hocism and will help the Centre and State Governments to utilise these amounts\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":320130,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/04\/16\/assessing-officer-to-record-dissatisfaction-cogent-reasons-for-correctness-claim-assessee-bombay-hc-legal-news\/","url_meta":{"origin":320892,"position":3},"title":"Assessing Officer to record dissatisfaction with correctness of claim of Assessee in respect of expenditure with cogent reasons: Bombay HC","author":"Editor","date":"April 16, 2024","format":false,"excerpt":"Bombay High Court dismissed an appeal of Income Tax Commissioner to disallow expenditure amounting to 94 Crore u\/s 14A of the Income Tax Act, 1961.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Bombay High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":271627,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/08\/15\/whether-the-interest-paid-on-late-payment-of-tds-after-deduction-can-be-claimed-as-expenditure-for-determining-the-taxable-income-itat-examines-and-elucidates\/","url_meta":{"origin":320892,"position":4},"title":"Whether the interest paid on late payment of TDS after deduction can be claimed as expenditure for determining the taxable income? ITAT examines and elucidates","author":"Prachi Bhardwaj","date":"August 15, 2022","format":false,"excerpt":"Income Tax Appellate Tribunal (ITAT): While deciding the instant appeal wherein the relevant question arose that whether the interest paid on late payment of TDS after deduction can be claimed as expenditure for determining the taxable income; the Bench of A.D. Jain (Vice President) and Dr B.R.R Kumar (Accountant Member)\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Income Tax Appellate Tribunal","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/11\/ITAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/11\/ITAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/11\/ITAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/11\/ITAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/11\/ITAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":365794,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/11\/05\/latest-cases-on-income-tax-laws-itr-2\/","url_meta":{"origin":320892,"position":5},"title":"Cases Reported in ITR | Latest Cases on Income Tax Laws","author":"Shikha","date":"November 5, 2025","format":false,"excerpt":"Explore the latest cases reported in SCC\u2019s Income Tax Reports (ITR) Volume on Appeal, Refund, Assessment, Revision, Business expenditure, Recovery of Tax, Revision, Capital or Revenue receipt, Search and Seizure, Benami Transactions and much more.","rel":"","context":"In "Cases Reported"","block_context":{"text":"Cases Reported","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casesreported\/"},"img":{"alt_text":"Latest Cases on Income Tax Laws","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/320892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=320892"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/320892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/314919"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=320892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=320892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=320892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}