https://www.taxtmi.com/caselaws?id=263440 The Tribunal allowed the appeal, overturning the rejection of the claim for depreciation under Section 80IB(10) and deleting the disallowance under Section 40(a)(ia). It emphasized that ownership of land is not a prerequisite for claiming the deduction under Section 80IB(10), focusing on the entrepreneurship risk assumed in the project. The decision clarified the retrospective application of amendments to Section 40(a)(ia) and granted relief to the appellant on both issues. en-us Tue, 07 Jul 2015 00:00:00 +0530 Wed, 02 Sep 2015 15:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263440 The Tribunal allowed the appeal, overturning the rejection of the claim for depreciation under Section 80IB(10) and deleting the disallowance under Section 40(a)(ia). It emphasized that ownership of land is not a prerequisite for claiming the deduction under Section 80IB(10), focusing on the entrepreneurship risk assumed in the project. The decision clarified the retrospective application of amendments to Section 40(a)(ia) and granted relief to the appellant on both issues. Case-Laws Income Tax Tue, 07 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263440