https://www.taxtmi.com/caselaws?id=259026 The Tribunal upheld the CIT(A)'s decisions on all grounds, dismissing the Revenue's appeal. The deduction under Section 80IB(10) was allowed based on project approval by the local authority, even without a completion certificate. The acceptance of UP Avas Avam Vikas Parishad as a local authority was affirmed. Disallowances of expenses on material consumed, labor expenses, and underwriting charges were rejected as the entire earnings were deductible under Section 80IB(10). Additionally, the deletion of unexplained differences in account balance was upheld. en-us Fri, 13 Feb 2015 00:00:00 +0530 Tue, 21 Apr 2015 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259026 The Tribunal upheld the CIT(A)'s decisions on all grounds, dismissing the Revenue's appeal. The deduction under Section 80IB(10) was allowed based on project approval by the local authority, even without a completion certificate. The acceptance of UP Avas Avam Vikas Parishad as a local authority was affirmed. Disallowances of expenses on material consumed, labor expenses, and underwriting charges were rejected as the entire earnings were deductible under Section 80IB(10). Additionally, the deletion of unexplained differences in account balance was upheld. Case-Laws Income Tax Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259026