2019 (4) TMI 1387

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..... RDER P.C. : 1. This Appeal is filed to challenge the judgment of Income Tax Appellate Tribunal. Following question is presented for our consideration; "Whether on the facts and circumstances of the case and in law the Hon'ble Tribunal was right in upholding order of the CIT (A) allowing deduction under section 80IB (10) of the Income Tax Act of Rs. 1,03,79,815/­ in respect of profit derive .....

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..... rt 'the Act') in respect of redevelopment project, the same was not eligible for deduction in view of the board instructions under Section 119 of the Act. According to the learned counsel, the Tribunal was not justified in overwriting the notification of the board under Section 119 of the Act. 3. Learned counsel for the respondent supports the order. 4. The Commissioner [Appeals] in h .....

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