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2015 (10) TMI 1858 - AT - Income TaxEntitlement to deduction u/s.80IB(10) - additional receipts offered by the assessee against the project undertaken by the assessee - Held that:- The issue in the present appeal is identical to the issue before Pune Bench of the Tribunal in Shri Naresh T. Wadhwani Vs. DCIT, ITA Nos.18, 19 & 20/PN/2013 (2014 (11) TMI 689 - ITAT PUNE) wherein held assessee is eligible for deduction u/s 80IB(10) of the Act even in relation to impugned additional income offered in a statement deposed u/s 132(4) of the Act during the course of search and subsequently declared in the return of income filed in response to notice u/s 153A(1)(a) of the Act and following the same parity of reasoning, we hold that the assessee is entitled to the claim of deduction under section 80IB(10) of the Act on the additional receipts offered by the assessee against the project undertaken by the assessee during the year under consideration. Thus, the grounds of appeal raised by the Revenue are dismissed. - Decided in favour of assessee.
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