https://www.taxtmi.com/caselaws?id=782120 ITAT Delhi dismissed the Revenue's appeal. It upheld CIT(A)'s deletion of disallowance of deduction u/s 80IA(4)(iii), following its own earlier decision in assessee's case holding that the assessee qualifies as an eligible undertaking operating and maintaining IT Parks under the Industrial Park Scheme 2002. On disallowance of interest expenditure, ITAT applied the HC ruling that once a loan is accepted as having been taken for commercial expediency, the assessee need not prove expediency every year, and that the interest is revenue-neutral between firm and partners. Accordingly, the disallowances were rejected and the assessee's claims sustained. en-us Wed, 24 Sep 2025 00:00:00 +0530 Tue, 25 Nov 2025 08:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782120 ITAT Delhi dismissed the Revenue's appeal. It upheld CIT(A)'s deletion of disallowance of deduction u/s 80IA(4)(iii), following its own earlier decision in assessee's case holding that the assessee qualifies as an eligible undertaking operating and maintaining IT Parks under the Industrial Park Scheme 2002. On disallowance of interest expenditure, ITAT applied the HC ruling that once a loan is accepted as having been taken for commercial expediency, the assessee need not prove expediency every year, and that the interest is revenue-neutral between firm and partners. Accordingly, the disallowances were rejected and the assessee's claims sustained. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782120