https://www.taxtmi.com/caselaws?id=150058 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to allow the deduction of Rs.3,44,037/- under section 10(10C) of the Income Tax Act, 1961. The Tribunal considered judgments from various High Courts supporting such deductions and emphasized following the plain language of the statute in granting benefits to the assessee. Despite the absence of a direct judgment from the Gujarat High Court, the Tribunal affirmed the allowance of the deduction, dismissing the Revenue's appeal. en-us Fri, 29 Jan 2010 00:00:00 +0530 Tue, 19 Sep 2023 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150058 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to allow the deduction of Rs.3,44,037/- under section 10(10C) of the Income Tax Act, 1961. The Tribunal considered judgments from various High Courts supporting such deductions and emphasized following the plain language of the statute in granting benefits to the assessee. Despite the absence of a direct judgment from the Gujarat High Court, the Tribunal affirmed the allowance of the deduction, dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150058