https://www.taxtmi.com/caselaws?id=289495 The High Court dismissed all appeals filed by the Revenue, affirming the Tribunal's decisions. It held that the assessee qualifies as a developer under Section 80-IA(4), the reliance on specific judgments was appropriate, the interpretation of provisions was correct, and the loss on Quota written off was rightly treated as revenue expenditure. The Court ruled in favor of the assessee on all legal issues raised. en-us Thu, 29 Sep 2016 00:00:00 +0530 Mon, 03 Aug 2020 14:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289495 The High Court dismissed all appeals filed by the Revenue, affirming the Tribunal's decisions. It held that the assessee qualifies as a developer under Section 80-IA(4), the reliance on specific judgments was appropriate, the interpretation of provisions was correct, and the loss on Quota written off was rightly treated as revenue expenditure. The Court ruled in favor of the assessee on all legal issues raised. Case-Laws Income Tax Thu, 29 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289495