https://www.taxtmi.com/caselaws?id=30881 The court ruled against the appellant, upholding the assessing authority's decision to disallow the claim under section 80-O of the Income-tax Act. The court found the issue not highly debatable, citing a Tribunal conclusion that the deduction should be on net income, not gross income. Consequently, the court rejected the appeals, answering the questions of law in the negative and favoring the Revenue. en-us Mon, 04 Dec 2006 00:00:00 +0530 Fri, 03 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30881 The court ruled against the appellant, upholding the assessing authority's decision to disallow the claim under section 80-O of the Income-tax Act. The court found the issue not highly debatable, citing a Tribunal conclusion that the deduction should be on net income, not gross income. Consequently, the court rejected the appeals, answering the questions of law in the negative and favoring the Revenue. Case-Laws Income Tax Mon, 04 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30881