Development of Commercial Project along with Residential Project: ITAT directs readjudication  for claiming deduction u/s 80IB(10) Income Tax Act [Read Order]

By Aparna. M - On October 9, 2023 1:00 pm - 2 mins read
Development - Development of Commercial Project - Commercial Project - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT) Pune bench held that, while noting the development of commercial projects by assessee along with residential projects directed readjudication for claiming deduction under Section 80IB (10) of the Income Tax Act, 1961. Assessee, Gajanana Developers,filed the appeal against the order of National Faceless Appeal Centre by disallowing deduction claimed…

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