Claim of deduction made u/s.80 IB (10) of the Income Tax Act, 1961

Last updated: 15 September 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT) in Mumbai has allowed an appeal by an individual engaged in building redevelopment. The assessee had claimed a deduction under Section 80IB(10) of the Income Tax Act, 1961, for a completed project. Despite the Assessing Officer and CIT(A) disallowing the deduction, the ITAT found that the assessee's appeal should be allowed, overturning the previous decisions.

Court :
ITAT Mumbai

Brief :
This appeal by the Assessee is directed against the order of learned CIT(A)-33 dated 16.08.2019 and pertains to Assessment Year 2010-11.

Citation :
I.T.A. No. 6993/Mum/2019 (Assessment Year 2010-11)

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

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Poojitha Raam Vinay
Published in Income Tax
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