https://www.taxtmi.com/caselaws?id=233503 The Gujarat High Court upheld the Tribunal's decision that the assessee was entitled to a deduction under section 80IB of the Income Tax Act on profits including the disallowance amount under section 40(a)(ia). The Court agreed that the disallowance did not affect the eligibility for the deduction under section 80IB. The judgment clarifies the application of these provisions in the case, affirming the assessee's entitlement to the deductions. en-us Tue, 01 Mar 2011 00:00:00 +0530 Fri, 03 May 2013 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233503 The Gujarat High Court upheld the Tribunal's decision that the assessee was entitled to a deduction under section 80IB of the Income Tax Act on profits including the disallowance amount under section 40(a)(ia). The Court agreed that the disallowance did not affect the eligibility for the deduction under section 80IB. The judgment clarifies the application of these provisions in the case, affirming the assessee's entitlement to the deductions. Case-Laws Income Tax Tue, 01 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233503