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2016 (7) TMI 377 - AT - Income TaxRevision u/s 263 - non eligible for grant of deduction under section 80IB(10)(c) - Held that:- AO, though, not made elaborate discussion with regard to the issue associated with section 80IB(10) claim, but has gone through all the details. It is discernible from the queries raised by him and the explanation given by the assessee in various replies. It is also pertinent to observe that in the Asstt.Year 2009-10, under similar situation in the same project, the deduction has been upheld by the Tribunal. Considering all these aspects cumulatively, we are of the view that order passed under section 263 is not sustainable. - Decided in favour of assessee
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