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2012 (11) TMI 933 - AT - Income TaxDeduction u/s 80IB on disallowances made u/s 40(a)(ia) due to default in TDS – Held that:- AO has treated the disallowance u/s 40(a)(ia) as income from business and it is not the case of the Revenue that the income derived by the assessee is other than the business income from developing and building housing project - assessee is entitled to deduction u/s 80IB(10) in respect of total profits including the profits computed as business profits of the housing project for the year under appeal - Revenue’s appeal stands dismissed.
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