https://www.taxtmi.com/caselaws?id=774310 The HC dismissed the revenue's appeal on two issues. Regarding section 80IB(10) deduction, the court upheld ITAT's factual finding that construction commenced after 1st October 1998, making the assessee eligible for deduction subject to other conditions. On section 14A disallowance, the court confirmed that Rule 8D applies prospectively from AY 2008-09 onwards, supporting CIT(A)'s discretionary 10% disallowance of exempt income for the relevant assessment year. The court found no substantial questions of law arising from these factual determinations. en-us Wed, 02 Jul 2025 00:00:00 +0530 Sat, 05 Jul 2025 12:33:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774310 The HC dismissed the revenue's appeal on two issues. Regarding section 80IB(10) deduction, the court upheld ITAT's factual finding that construction commenced after 1st October 1998, making the assessee eligible for deduction subject to other conditions. On section 14A disallowance, the court confirmed that Rule 8D applies prospectively from AY 2008-09 onwards, supporting CIT(A)'s discretionary 10% disallowance of exempt income for the relevant assessment year. The court found no substantial questions of law arising from these factual determinations. Case-Laws Income Tax Wed, 02 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774310