https://www.taxtmi.com/caselaws?id=378417 The High Court affirmed the Tribunal's decision that the Assessee was eligible for deduction under Section 80IA(4) of the Income Tax Act as a developer of infrastructure facilities. The Court also upheld the allowance of foreign exchange loss as a business expenditure under Section 37(1) of the Act. The Revenue's appeals were dismissed as the Court found no substantial question of law and no costs were awarded. en-us Thu, 07 Mar 2019 00:00:00 +0530 Wed, 19 Aug 2020 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378417 The High Court affirmed the Tribunal's decision that the Assessee was eligible for deduction under Section 80IA(4) of the Income Tax Act as a developer of infrastructure facilities. The Court also upheld the allowance of foreign exchange loss as a business expenditure under Section 37(1) of the Act. The Revenue's appeals were dismissed as the Court found no substantial question of law and no costs were awarded. Case-Laws Income Tax Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378417