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2012 (8) TMI 353 - ITAT, AHMEDABADAddition made by way of disallowance of deduction claimed u/s.80-IB(10) - CIT(A) deleted the addition - Held that:- As neither the Assessee nor the Revenue have placed any compilation to appreciate the exact terms and conditions of the agreement, stated to be a development agreement, the matter has been restored back to the AO - As in the event if the AO finds that the land had been purchased by the undertaking of the assessee and has all the dominant control over the project and developed the land at their own cost and risks, the AO should allow the deduction u/s.80IB(10) - in favour of revenue for statistical purposes.
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