https://www.taxtmi.com/caselaws?id=266583 The Tribunal affirmed the CIT(A)'s decision, allowing the deduction under section 80IB(10) for undisclosed receipts of Rs. 40 lakhs as business income from the 'Prime Plus' project. The Tribunal held that the receipts were part of the business activities of the project, supported by evidence from the search and subsequent documentation. The Revenue's appeal was dismissed based on established legal principles and precedents, including a similar case where additional income declared during a search qualified for the deduction under section 80IB(10). en-us Wed, 11 Feb 2015 00:00:00 +0530 Sat, 07 Nov 2015 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266583 The Tribunal affirmed the CIT(A)'s decision, allowing the deduction under section 80IB(10) for undisclosed receipts of Rs. 40 lakhs as business income from the 'Prime Plus' project. The Tribunal held that the receipts were part of the business activities of the project, supported by evidence from the search and subsequent documentation. The Revenue's appeal was dismissed based on established legal principles and precedents, including a similar case where additional income declared during a search qualified for the deduction under section 80IB(10). Case-Laws Income Tax Wed, 11 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266583