https://www.taxtmi.com/caselaws?id=279129 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order on the apportionment of expenses between Power Plant and Sponge Iron Plant for the assessment year 2009-10 under section 80I(4) of the Income Tax Act, 1961. The Tribunal's decision was upheld based on the Commissioner's findings from the assessee's case for the previous year, 2008-09, where separate accounts were maintained for each plant, and direct expenses were identified. The High Court found no perversity in the Tribunal's order and concluded that no legal question arose, thus dismissing the appeal. en-us Mon, 10 Dec 2018 00:00:00 +0530 Tue, 05 Mar 2019 00:47:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279129 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order on the apportionment of expenses between Power Plant and Sponge Iron Plant for the assessment year 2009-10 under section 80I(4) of the Income Tax Act, 1961. The Tribunal's decision was upheld based on the Commissioner's findings from the assessee's case for the previous year, 2008-09, where separate accounts were maintained for each plant, and direct expenses were identified. The High Court found no perversity in the Tribunal's order and concluded that no legal question arose, thus dismissing the appeal. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279129