Compensation : SLP dismissed against order of High Court that where mines owned by assessee were used by its subsidiaries for captive use, however said mines had lower grade of iron ores and subsidiaries purchased same from third parties, since compensation paid by assessee to its subsidiaries with respect to difference in price of ores purchased from assessee and third parties was to recoup business losses of subsidiaries and was irrecoverable as far as assessee was concerned, expenditure claimed by assessee with respect to such compensation was to be allowed – Principal Commissioner of Income-tax v. Industrial Development Corporation of Orissa Ltd. – [2024] 161 taxmann.com 247 (SC)
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