2010 (3) TMI 1186

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ant. Mr. S.N. Soparkar, Senior Advocate with Mrs. Swati Soparkar for the Respondent. ORDER (Per : HONOURABLE MS.JUSTICE H.N.DEVANI) 1. The Appellant Revenue in these Appeals has under Section 260A of the Income Tax Act, 1961 (the Act) proposed the following questions stated to arise out of impugned order dated 18.7.2008 made by the Income Tax Appellate Tribunal (the Tribunal): Tax A....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the year under consideration ?" Tax Appeal No. 274 of 2009. "(A) Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in deleting the disallowance of Rs. 23,50,36,145/- being interest payable holding that the amount was revenue expenditure allowable u/s. 36(1)(iii) of the Act ? (B) Whether, the Appellate Tribunal has erred in law ....