https://www.taxtmi.com/caselaws?id=33184 The High Court admitted the appeal without formulating substantial questions of law. The Court considered the proposed questions in the memorandum of appeal as substantial questions of law. The appeal was heard on questions related to deduction under section 80I and disallowance of processing charges. The Court ruled in favor of the Revenue on the deduction issue based on a previous judgment. It found no trading profit but a loss in the company's activities, supporting the Tribunal's decision. Regarding processing charges, the Court sided with the Assessee against the Revenue. The appeal was disposed of with no order as to costs. en-us Wed, 18 Mar 2009 00:00:00 +0530 Sun, 26 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33184 The High Court admitted the appeal without formulating substantial questions of law. The Court considered the proposed questions in the memorandum of appeal as substantial questions of law. The appeal was heard on questions related to deduction under section 80I and disallowance of processing charges. The Court ruled in favor of the Revenue on the deduction issue based on a previous judgment. It found no trading profit but a loss in the company's activities, supporting the Tribunal's decision. Regarding processing charges, the Court sided with the Assessee against the Revenue. The appeal was disposed of with no order as to costs. Case-Laws Income Tax Wed, 18 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33184