https://www.taxtmi.com/caselaws?id=298357 The High Court admitted the appeal based on a substantial question of law regarding the disallowance under Section 40[a][i] of the Act for Assessment Years 2005-06 & 2006-07. The Court ruled in favor of the assessee, overturning the Tribunal's decision by relying on a Supreme Court precedent that had resolved a similar issue against the Revenue. The appeal was allowed, resolving the substantial questions of law in favor of the assessee and granting liberty to approach the Court for any future legal questions that may arise. en-us Fri, 09 Apr 2021 00:00:00 +0530 Thu, 28 Oct 2021 08:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298357 The High Court admitted the appeal based on a substantial question of law regarding the disallowance under Section 40[a][i] of the Act for Assessment Years 2005-06 & 2006-07. The Court ruled in favor of the assessee, overturning the Tribunal's decision by relying on a Supreme Court precedent that had resolved a similar issue against the Revenue. The appeal was allowed, resolving the substantial questions of law in favor of the assessee and granting liberty to approach the Court for any future legal questions that may arise. Case-Laws Income Tax Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298357