2012 (11) TMI 1138

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..... isting business which had already commenced and hence liable to be treated as business receipts. Since the decision of the Tribunal in allowing the expenditure as business expenditure and treating the receipts as business receipts is based on facts of the case and there is no infirmity in it, we see no reason to entertain the question. - INCOME TAX APPEAL NO.51 OF 2011 - - - Dated:- 20-11-2012 - .....

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..... s? c) Whether on the facts and circumstances of the case and in law the ITAT is correct in law in holding that deduction under Section 80I cannot be allowed only in respect of the interest and other miscellaneous receipts totaling ₹ 18,16,06,000/- which were not reflected in the profit and loss account? 2) Counsel for the parties state that the first question stand answered against the .....

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