The Income Tax Appellate Tribunal (ITAT), Chennai bench, while following the Apex Court ruling in the case of Sarkar Builders, held that the deduction under section 80IB(10) of the Income Tax Act, 1961 is applicable to commercial establishments or shops. The assessee, M/s. Macro Marvel Projects Limited, originally claimed the deduction of Rs. 28,32,048/- under…
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