2018 (12) TMI 1614

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....R THE FOR THE RESPONDENT ORDER (PER : HONOURABLE MS.JUSTICE HARSHA DEVANI) 1. By this appeal under section 260A of the Income Tax Act, 1961 (hereinafter referred to as "the Act), the appellant has challenged the order dated 30.05.2018 made by the Income Tax Appellate Tribunal, Ahmedabad Bench "A", Ahmedabad (hereinafter referred to as "the Tribunal") in ITA No.1925/Ahd/2014, by proposing ....

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....on under section 80I(4) of the Act to that extent. 3. The assessee carried the matter in appeal before the Commissioner (Appeals), who allowed the appeal preferred by the assessee relying upon the assessee's own case for assessment year 2008-09. Revenue carried the matter in appeal before the Tribunal, but did not succeed. 4. Mr. M. R. Bhatt, Senior Advocate, learned counsel with Mrs. Mauna ....

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.... period and all the minor maintenance of on-going expenses were incurred by the manufacturers. It was also pointed out that sponge iron plant undertaking had taken bank loan for installing plant in the year 2005-06 and had direct nexus with the said loan of the said sponge iron plant, whereas there were no financial charges insofar as the power plant undertaking is concerned. It had initially rais....