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2020 (9) TMI 1259 - KARNATAKA HIGH COURTDeduction u/s 80IB - Unaccounted money, found during the search proceedings and explained as on money received, are eligible for deduction under Section 80IB(10) as held by ITAT - Whether Tribunal was right in holding that, transactions entered into, with the buyers of flats, are eligible for deduction, even though there is violation of the sub-Sections(e) and (f) of Section 80IB(10), on the ground that these transactions were entered into before the amendments to sub-Section (3) and (f) of Section 80IB(10)? - HELD THAT:- For the reasons assigned by us in the order passed today in [2020 (9) TMI 1138 - KARNATAKA HIGH COURT] the substantial questions of law are answered against the revenue and in favour of the assessee.
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