https://www.taxtmi.com/caselaws?id=266475 The Delhi High Court dismissed the appeal against the ITAT order for AY 2007-08, focusing on the validity of the CIT's order under Section 263 regarding deductions under Sections 36(1)(viia)(c) and 36(1)(viii). The High Court held that the AO's decision was a valid interpretation, following precedents like Malabar Industrial Co. Ltd. v. CIT and CIT v. Honda Siel Power Products Ltd. It found no legal flaw in the ITAT's order and concluded that the CIT lacked grounds for intervention under Section 263. The appeal was ultimately dismissed as no substantial question of law was identified, affirming the AO's decision and supporting the ITAT's order. en-us Thu, 01 Oct 2015 00:00:00 +0530 Fri, 18 Dec 2015 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266475 The Delhi High Court dismissed the appeal against the ITAT order for AY 2007-08, focusing on the validity of the CIT's order under Section 263 regarding deductions under Sections 36(1)(viia)(c) and 36(1)(viii). The High Court held that the AO's decision was a valid interpretation, following precedents like Malabar Industrial Co. Ltd. v. CIT and CIT v. Honda Siel Power Products Ltd. It found no legal flaw in the ITAT's order and concluded that the CIT lacked grounds for intervention under Section 263. The appeal was ultimately dismissed as no substantial question of law was identified, affirming the AO's decision and supporting the ITAT's order. Case-Laws Income Tax Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266475