https://www.taxtmi.com/caselaws?id=234840 The ITAT allowed the appeal, overturning disallowances by lower authorities. It ruled in favor of the assessee, allowing a deduction of Rs. 54,81,140 u/s 80IA, finding activities met conditions. Additionally, ITAT permitted payment of Rs. 24,36,600 to PSAM, deeming it necessary for business purposes, contrary to AO and CIT(A) findings. The decision emphasized fulfillment of 80IA conditions and business necessity, affirming businessman's judgment in business matters. en-us Fri, 21 Jun 2013 00:00:00 +0530 Thu, 27 Jun 2013 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234840 The ITAT allowed the appeal, overturning disallowances by lower authorities. It ruled in favor of the assessee, allowing a deduction of Rs. 54,81,140 u/s 80IA, finding activities met conditions. Additionally, ITAT permitted payment of Rs. 24,36,600 to PSAM, deeming it necessary for business purposes, contrary to AO and CIT(A) findings. The decision emphasized fulfillment of 80IA conditions and business necessity, affirming businessman's judgment in business matters. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234840