https://www.taxtmi.com/caselaws?id=253705 The Tribunal upheld the CIT(A)'s decision, allowing the deduction under Section 80IB(10) for the undisclosed income declared by the assessee. It was found that the assessee met all conditions for the deduction, including project completion within the specified time and compliance with area requirements. The inclusion of the undisclosed income in the deduction computation was deemed valid. The Tribunal emphasized that statements made during surveys under Section 133A are not binding and can be retracted based on supporting facts. The Revenue's appeal was dismissed, and the assessee's deduction claim was upheld. en-us Tue, 25 Nov 2014 00:00:00 +0530 Tue, 02 Dec 2014 08:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253705 The Tribunal upheld the CIT(A)'s decision, allowing the deduction under Section 80IB(10) for the undisclosed income declared by the assessee. It was found that the assessee met all conditions for the deduction, including project completion within the specified time and compliance with area requirements. The inclusion of the undisclosed income in the deduction computation was deemed valid. The Tribunal emphasized that statements made during surveys under Section 133A are not binding and can be retracted based on supporting facts. The Revenue's appeal was dismissed, and the assessee's deduction claim was upheld. Case-Laws Income Tax Tue, 25 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253705