https://www.taxtmi.com/caselaws?id=265478 The Court admitted the appeal solely on the interpretation of Section 80IB(10) of the Income Tax Act, 1961, rejecting the challenge on allowing a prorata deduction under the section. The issue of adding Rs. 4 lakhs as income from undisclosed sources was not entertained as both the CIT(A) and the Tribunal found that the amount was canceled by the assessee with no evidence to the contrary. The Court concluded that no substantial question of law arose regarding the addition of Rs. 4 lakhs, affirming the decisions of the lower authorities. en-us Mon, 28 Sep 2015 00:00:00 +0530 Mon, 12 Oct 2015 06:13:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265478 The Court admitted the appeal solely on the interpretation of Section 80IB(10) of the Income Tax Act, 1961, rejecting the challenge on allowing a prorata deduction under the section. The issue of adding Rs. 4 lakhs as income from undisclosed sources was not entertained as both the CIT(A) and the Tribunal found that the amount was canceled by the assessee with no evidence to the contrary. The Court concluded that no substantial question of law arose regarding the addition of Rs. 4 lakhs, affirming the decisions of the lower authorities. Case-Laws Income Tax Mon, 28 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265478