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TMI Blog2018 (12) TMI 1614X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 the following question of law: "Whethe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t. 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 Bhatt, learned senior standing counsel for the appel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nses 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 raised rupees four crores as equity capital and thereafter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... als). 6. Having regard to the fact that the conclusion arrived at by the Tribunal is based upon concurrent findings of fact recorded by it after appreciating the material on record, in the absence of any perversity being pointed out in the impugned order, the same does not give rise to a question of law, much less, a substantial question of law, warranting interference. 7. The appeal, therefore, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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