https://www.taxtmi.com/caselaws?id=783819 The dominant issue was whether the Revenue's appeal against deletion of disallowance under s.57(iii) was maintainable and raised any substantial question of law. Based on the AO's remand report accepting allowability of most expenditure and limiting the dispute to a smaller amount, the HC held the tax effect fell below the CBDT monetary threshold, resulting in dismissal for low tax effect. Independently, the HC held the CIT(A)'s finding of a direct nexus between income earned and expenditure incurred was a pure finding of fact, affirmed by the ITAT, and therefore no question of law arose; the appeal was dismissed. en-us Thu, 11 Dec 2025 00:00:00 +0530 Tue, 23 Dec 2025 07:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783819 The dominant issue was whether the Revenue's appeal against deletion of disallowance under s.57(iii) was maintainable and raised any substantial question of law. Based on the AO's remand report accepting allowability of most expenditure and limiting the dispute to a smaller amount, the HC held the tax effect fell below the CBDT monetary threshold, resulting in dismissal for low tax effect. Independently, the HC held the CIT(A)'s finding of a direct nexus between income earned and expenditure incurred was a pure finding of fact, affirmed by the ITAT, and therefore no question of law arose; the appeal was dismissed. Case-Laws Income Tax Thu, 11 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783819