https://www.taxtmi.com/highlights?id=28625 Once it is held that the agreement constitutes AOP any amount drawn from the AOP cannot be taxed in the hands of the assessee member. The assessee is also not entitled for any deduction u/s. 80IB(10) and it is the joint venture that is eligible for the deduction u/s.80IB(10) - AT en-us Sat, 16 Apr 2016 10:40:43 +0530 Sat, 16 Apr 2016 10:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28625 Once it is held that the agreement constitutes AOP any amount drawn from the AOP cannot be taxed in the hands of the assessee member. The assessee is also not entitled for any deduction u/s. 80IB(10) and it is the joint venture that is eligible for the deduction u/s.80IB(10) - AT Highlights Income Tax Sat, 16 Apr 2016 10:40:43 +0530 https://www.taxtmi.com/highlights?id=28625