https://www.taxtmi.com/caselaws?id=31676 The High Court affirmed the Income Tax Appellate Tribunal's decision regarding the allowability of direct expenses incurred by the assessee for the Jakarta Project in Indonesia. The Court upheld that the direct expenses claimed were identifiable and actually incurred for the project, dismissing the revenue's appeal. The Tribunal's decision was based on factual findings, and the Court found no legal question of substance to consider, leading to the dismissal of the appeal and confirming the allowability of the direct expenses for the Jakarta Project. en-us Fri, 07 Nov 2008 00:00:00 +0530 Sat, 29 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31676 The High Court affirmed the Income Tax Appellate Tribunal's decision regarding the allowability of direct expenses incurred by the assessee for the Jakarta Project in Indonesia. The Court upheld that the direct expenses claimed were identifiable and actually incurred for the project, dismissing the revenue's appeal. The Tribunal's decision was based on factual findings, and the Court found no legal question of substance to consider, leading to the dismissal of the appeal and confirming the allowability of the direct expenses for the Jakarta Project. Case-Laws Income Tax Fri, 07 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31676