https://www.taxtmi.com/caselaws?id=33690 The High Court upheld the Tribunal's decision allowing the deduction of interest on loans for property purchase but ruled in favor of the Revenue, denying the benefit of section 80-O for commission earned in foreign currency. The Court found the Tribunal's decision on building use supported by records, rejecting the Revenue's appeal on the interest deduction. However, insufficient evidence led to disallowance of the section 80-O deduction for passing commercial information. The judgment detailed legal and factual analysis, partially allowing the tax case appeal without costs. en-us Mon, 13 Aug 2007 00:00:00 +0530 Thu, 04 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33690 The High Court upheld the Tribunal's decision allowing the deduction of interest on loans for property purchase but ruled in favor of the Revenue, denying the benefit of section 80-O for commission earned in foreign currency. The Court found the Tribunal's decision on building use supported by records, rejecting the Revenue's appeal on the interest deduction. However, insufficient evidence led to disallowance of the section 80-O deduction for passing commercial information. The judgment detailed legal and factual analysis, partially allowing the tax case appeal without costs. Case-Laws Income Tax Mon, 13 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33690