https://www.taxtmi.com/caselaws?id=254134 The Bombay High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order regarding deduction claims under section 80IB(9) of the Income Tax Act for two Assessment Years. The Court upheld the Tribunal's decision, citing established legal precedents and emphasizing the need for Revenue officials to avoid frivolous litigations that burden the public exchequer. Despite not imposing costs in this instance, the Court warned of future consequences if such behavior persists, urging a more prudent approach to litigation by the Revenue Department. en-us Thu, 20 Nov 2014 00:00:00 +0530 Fri, 12 Dec 2014 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254134 The Bombay High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order regarding deduction claims under section 80IB(9) of the Income Tax Act for two Assessment Years. The Court upheld the Tribunal's decision, citing established legal precedents and emphasizing the need for Revenue officials to avoid frivolous litigations that burden the public exchequer. Despite not imposing costs in this instance, the Court warned of future consequences if such behavior persists, urging a more prudent approach to litigation by the Revenue Department. Case-Laws Income Tax Thu, 20 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254134