https://www.taxtmi.com/caselaws?id=13219 The High Court dismissed the appeals (I.T.A. Nos. 8 and 9 of 2003) challenging the disallowance of deduction under section 32AB of the Income-tax Act for the assessment years 1989-90 and 1990-91. The appellant's attempt to challenge the disallowance through an additional ground of appeal was rejected by the Tribunal, which upheld the disallowance based on the Supreme Court precedent in CIT v. N.C. Budharaja and Co. [1993] 204 ITR 412. The High Court found no substantial question of law and affirmed the Tribunal's decision, emphasizing the binding nature of the Supreme Court's ruling in this matter. en-us Fri, 23 Jul 2004 00:00:00 +0530 Wed, 27 May 2009 13:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13219 The High Court dismissed the appeals (I.T.A. Nos. 8 and 9 of 2003) challenging the disallowance of deduction under section 32AB of the Income-tax Act for the assessment years 1989-90 and 1990-91. The appellant's attempt to challenge the disallowance through an additional ground of appeal was rejected by the Tribunal, which upheld the disallowance based on the Supreme Court precedent in CIT v. N.C. Budharaja and Co. [1993] 204 ITR 412. The High Court found no substantial question of law and affirmed the Tribunal's decision, emphasizing the binding nature of the Supreme Court's ruling in this matter. Case-Laws Income Tax Fri, 23 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13219