https://www.taxtmi.com/caselaws?id=121481 The Tribunal allowed the appeals partly, granting deductions for interest payable to the Ministry of Urban Development and Poverty Alleviation and interest accrued on foreign currency loans. However, deductions for expenditure on the issue of bonds, debentures, and other borrowings, depreciation on books, stamp duty expenditure, and contributions from the Urban Development Fund were disallowed. The Tribunal directed a reexamination by the Assessing Officer on specific issues and allowed the deduction under Section 80G pending verification of cheque encashment. en-us Thu, 09 Apr 2009 00:00:00 +0530 Mon, 30 Jul 2012 18:53:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121481 The Tribunal allowed the appeals partly, granting deductions for interest payable to the Ministry of Urban Development and Poverty Alleviation and interest accrued on foreign currency loans. However, deductions for expenditure on the issue of bonds, debentures, and other borrowings, depreciation on books, stamp duty expenditure, and contributions from the Urban Development Fund were disallowed. The Tribunal directed a reexamination by the Assessing Officer on specific issues and allowed the deduction under Section 80G pending verification of cheque encashment. Case-Laws Income Tax Thu, 09 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121481