https://www.taxtmi.com/caselaws?id=400953 The Karnataka High Court quashed the Tribunal's order disallowing expenditure claimed as a deduction under section 35(2)(AB) of the Income Tax Act for the Assessment Year 2010-11. The Court remitted the matter back to the Tribunal for a fresh decision, emphasizing the requirement for a reasoned decision in accordance with the law and after affording an opportunity of hearing to the parties. The High Court did not address the substantial question of law raised in the appeal, focusing instead on procedural fairness and proper consideration of the deduction claim. en-us Fri, 13 Nov 2020 00:00:00 +0530 Sat, 21 Nov 2020 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400953 The Karnataka High Court quashed the Tribunal's order disallowing expenditure claimed as a deduction under section 35(2)(AB) of the Income Tax Act for the Assessment Year 2010-11. The Court remitted the matter back to the Tribunal for a fresh decision, emphasizing the requirement for a reasoned decision in accordance with the law and after affording an opportunity of hearing to the parties. The High Court did not address the substantial question of law raised in the appeal, focusing instead on procedural fairness and proper consideration of the deduction claim. Case-Laws Income Tax Fri, 13 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400953