https://www.taxtmi.com/caselaws?id=295728 The High Court dismissed the Tax Case Appeal, ruling in favor of the assessee. It upheld the ITAT's decisions on both disallowance issues: under section 36(1)(ii), where the commission paid to directors was deemed allowable, and under section 80IB(10), where the deduction for the TVH Rozalia project was justified. The Court found no tax avoidance motives, referencing prior judgments to support its decision against the Revenue. en-us Tue, 02 Mar 2021 00:00:00 +0530 Mon, 11 Nov 2024 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295728 The High Court dismissed the Tax Case Appeal, ruling in favor of the assessee. It upheld the ITAT's decisions on both disallowance issues: under section 36(1)(ii), where the commission paid to directors was deemed allowable, and under section 80IB(10), where the deduction for the TVH Rozalia project was justified. The Court found no tax avoidance motives, referencing prior judgments to support its decision against the Revenue. Case-Laws Income Tax Tue, 02 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295728