https://www.taxtmi.com/caselaws?id=337974 The ITAT allowed the appeal for AY 2008-09, directing the AO to verify the expenditure and deduction u/s. 54B. For AY 2009-10, the ITAT partially allowed the appeal, instructing the AO to verify the assessment records and correct the claimed expenditure amount. The ITAT pronounced the order on 6th January 2017, allowing ITA No. 344/Hyd/2016 for statistical purposes and partly allowing ITA No. 345/Hyd/2016. en-us Fri, 06 Jan 2017 00:00:00 +0530 Sat, 21 Jan 2017 07:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337974 The ITAT allowed the appeal for AY 2008-09, directing the AO to verify the expenditure and deduction u/s. 54B. For AY 2009-10, the ITAT partially allowed the appeal, instructing the AO to verify the assessment records and correct the claimed expenditure amount. The ITAT pronounced the order on 6th January 2017, allowing ITA No. 344/Hyd/2016 for statistical purposes and partly allowing ITA No. 345/Hyd/2016. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337974