Deduction under section 80IB(10) on a prorate basis admitted as a substantial question of law

The appeal raised substantial questions of law on whether deduction under section 80IB(10) of the Income-tax Act, 1961 could be allowed on a prorate basis. The Bombay High Court admitted the appeal on those questions and did not decide the merits of the deduction claim.

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Issues: Whether the appeal raised substantial questions of law concerning deduction under section 80IB(10) of the Income-tax Act, 1961 on a prorate basis and generally.

Outcome: The appeal was admitted on the stated substantial questions of law; no final adjudication on the merits of the deduction claim was made.

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