![ITAT Upholds CIT(A) Decision, Confirms Rs.2.47 Crore Deduction u/s 80IB(10) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Income-Tax-Income-Tax-Act-ITAT-Upholds-CITA-Decision-CITA-ITAT-Upholds-CITA-Decision-Crore-Deduction-Deduction-taxscan.jpg "ITAT Upholds CIT(A) Decision, Confirms Rs.2.47 Crore Deduction u/s 80IB(10) of Income Tax Act [Read Order]")
ITAT Upholds CIT(A) Decision, Confirms Rs.2.47 Crore Deduction u/s 80IB(10) of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)upheld the decision of the Commissioner of Income Tax(Appeals)[CIT(A)] confirming the...
![ITAT allows Deduction Claim u/s 80IB (10) of Income Tax Act in respect of Flats which Area Exceeds 1000 sq.fts Excluding Balcony Open to Sky [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-Tax-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Section-80IB10-of-the-Income-Tax-Act-ITAT-Allows-taxscan.jpg "ITAT allows Deduction Claim u/s 80IB (10) of Income Tax Act in respect of Flats which Area Exceeds 1000 sq.fts Excluding Balcony Open to Sky [Read Order]")
![Bonafide Delay in filing ITR: Himachal Pradesh HC allows deduction u/s 80IB(10) of Income Tax Act to H.P. Housing & Urban Development Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITR-Bonafide-Delay-Bonafide-Delay-in-filing-ITR-Himachal-Pradesh-HC-Deduction-Income-Tax-Act-H.P.-Housing-Urban-Development-Authority-taxscan-1.jpg "Bonafide Delay in filing ITR: Himachal Pradesh HC allows deduction u/s 80IB(10) of Income Tax Act to H.P. Housing & Urban Development Authority [Read Order]")
![Deduction u/s 80IB(10) of Income Tax Act Applies to Undertaking Developing and Building Housing Projects, not to Mere Partner in a Joint Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Deduction-Income-Tax-Act-Income-Tax-Building-Housing-Projects-Partnership-Firm-Firm-ITAT-taxscan.jpg "Deduction u/s 80IB(10) of Income Tax Act Applies to Undertaking Developing and Building Housing Projects, not to Mere Partner in a Joint Partnership Firm: ITAT [Read Order]")
![Genuine hardships faced by Consultant: Bombay HC reverses time-barred IT deduction claim for reconsideration u/s 119(2)(b) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Bombay-Highcourt-time-barred-IT-deduction-claim-IT-deduction-claim-f-time-barred-IT-deduction-claim-for-reconsideration-taxscan.jpg "Genuine hardships faced by Consultant: Bombay HC reverses time-barred IT deduction claim for reconsideration u/s 119(2)(b) [Read Order]")
Karnataka High Court quashes order directing AO to disallow the Deduction TO both Owner and Land Developer [Read Order]
The Karnataka High Court quashed the order passed by the Director of Income Tax (Exemption), Bangalore directing the Assessing Officer(AO) to disallow the deduction under Section 80IB(10) of the...
![Karnataka High Court quashes order directing AO to disallow the Deduction TO both Owner and Land Developer [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Karnataka-High-Court-AO-deduction-Taxscan.jpg "Karnataka High Court quashes order directing AO to disallow the Deduction TO both Owner and Land Developer [Read Order]")
Benefit of S. 80IB(10) can be granted If Capital Asset was converted to Stock-in-Hand before entering into JDA: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee can avail the benefit of Section 80IB(10) of the Income Tax Act if the capital asset has been converted to...
![Benefit of S. 80IB(10) can be granted If Capital Asset was converted to Stock-in-Hand before entering into JDA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Capital-Asset-Taxscan.jpg "Benefit of S. 80IB(10) can be granted If Capital Asset was converted to Stock-in-Hand before entering into JDA: ITAT [Read Order]")
A Developer can Claim Benefit of S. 80IB(10) Even If the Housing Project was approved in Name of Land Owner: ITAT Ahmedabad
In ITO v. Shree Narayan Associates, the Ahmedabad ITAT held that a Developer of Housing project can claim benefit of section 80IB(10) of the Income Tax Act even if the project was approved in the name...
Provision requiring Filing of Audit Report along with the Return is Directory, not Mandatory: Allahabad HC [Read Judgment]
In Fortuna Foundation Engineers & Consultants Pvt.Ltd v. CIT, the division bench of the Allahabad High Court held that the provisions of Rule 18BBB of the Income Tax Rules mandating filing of...
![Provision requiring Filing of Audit Report along with the Return is Directory, not Mandatory: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Audit-Tax-Scan.jpg "Provision requiring Filing of Audit Report along with the Return is Directory, not Mandatory: Allahabad HC [Read Judgment]")