https://www.taxtmi.com/caselaws?id=252254 The High Court upheld the Tribunal's decisions on various issues, including the netting of income for deductions under Sections 80I, 80IA, and 80HH, eligibility of income from sales of by-products, interest from debtors, verification of expenses, and project interest expenses. The Court affirmed the principles established in previous cases and emphasized the nexus between income and expenses for deductions. The Revenue's appeal was dismissed, and the Court reiterated the importance of considering net income for deductions and recognizing expenses related to existing business activities as deductible. en-us Mon, 27 Jan 2014 00:00:00 +0530 Fri, 20 Feb 2015 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252254 The High Court upheld the Tribunal's decisions on various issues, including the netting of income for deductions under Sections 80I, 80IA, and 80HH, eligibility of income from sales of by-products, interest from debtors, verification of expenses, and project interest expenses. The Court affirmed the principles established in previous cases and emphasized the nexus between income and expenses for deductions. The Revenue's appeal was dismissed, and the Court reiterated the importance of considering net income for deductions and recognizing expenses related to existing business activities as deductible. Case-Laws Income Tax Mon, 27 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252254