https://www.taxtmi.com/caselaws?id=264138 The High Court upheld the decisions of the CIT (Appeals) and ITAT, dismissing the appeal by the Income Tax Department. The Court ruled that the disallowance under Section 40(a)(ia) should be added back to the gross total income of the assessee for the purpose of deduction under Section 80IB(10) of the Act. It was emphasized that the disallowance did not alter the nature of income but impacted the calculation of eligible income for deduction purposes. en-us Fri, 11 Sep 2015 00:00:00 +0530 Fri, 20 Jan 2017 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264138 The High Court upheld the decisions of the CIT (Appeals) and ITAT, dismissing the appeal by the Income Tax Department. The Court ruled that the disallowance under Section 40(a)(ia) should be added back to the gross total income of the assessee for the purpose of deduction under Section 80IB(10) of the Act. It was emphasized that the disallowance did not alter the nature of income but impacted the calculation of eligible income for deduction purposes. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264138