Deduction u/s 80-IB(10) - out of both the projects only 8 flats ...

Tax Deduction Case: Only 8 Flats Sold to Relatives; 1.9% Proportionate Disallowance Applied u/s 80-IB(10).

January 15, 2019

Case Laws Income Tax AT

Deduction u/s 80-IB(10) - out of both the projects only 8 flats were sold to persons who were relatives - principle of proportionate disallowance to be applied - AO directed to restrict the disallowance to 1.9% of the claim made by the assessee u/s 80-IB(10) of the Act.

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Deduction u/s 80-IB(10) - out of both the projects only 8 flats ...

Tax Deduction Case: Only 8 Flats Sold to Relatives; 1.9% Proportionate Disallowance Applied u/s 80-IB(10).

January 15, 2019

Case Laws Income Tax AT

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