2010 (3) TMI 1186

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....or 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 Appeal No. 273 of 2009. "(A) Whethe....

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..... 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 ₹ 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 and on facts in not appreciating that the Nagathone unit....