https://www.taxtmi.com/caselaws?id=269263 The High Court Bombay upheld the Tribunal's decision, dismissing the Revenue's appeal. The Respondent-Housing Finance Company was found eligible for deduction under Section 36(1)(viii) of the Income Tax Act for the Assessment Year 2005-06. The Court affirmed that the Respondent was actively engaged in providing long-term finance for housing development, supported by an increase in housing loans and new loans sanctioned, thus emphasizing the significance of factual evidence in determining tax deduction eligibility. en-us Tue, 24 Nov 2015 00:00:00 +0530 Fri, 11 Dec 2015 08:23:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269263 The High Court Bombay upheld the Tribunal's decision, dismissing the Revenue's appeal. The Respondent-Housing Finance Company was found eligible for deduction under Section 36(1)(viii) of the Income Tax Act for the Assessment Year 2005-06. The Court affirmed that the Respondent was actively engaged in providing long-term finance for housing development, supported by an increase in housing loans and new loans sanctioned, thus emphasizing the significance of factual evidence in determining tax deduction eligibility. Case-Laws Income Tax Tue, 24 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269263