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2018 (3) TMI 297 - AT - Income TaxDeduction u/s.80IB(10) eligibility - Held that:- The assessee is entitled for deduction on proportionate basis. However, it is the decision of the Tribunal that AO needs to verify on the aspects narrated in the order of the Tribunal. Considering the settled nature of the issue, we are of the opinion that assessee is entitled to proportion deduction u/s.80IB(1) of the Act in view of the directions given by the Tribunal in the assessee’s own case for A.Y. 2010-11. We therefore direct the AO accordingly. Thus, the grounds of appeal raised by the Revenue are dismissed.
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