https://www.taxtmi.com/caselaws?id=186801 The Appellate Tribunal ITAT Ahmedabad dismissed both appeals filed by the Revenue. In the first appeal (ITA No.798/Ahd/2009), the Tribunal upheld the allowance of deduction u/s.80IB(10) for a Real Estate Developer company, emphasizing the company's control over the project and its development at its own cost and risks. In the second appeal (ITA No.934/Ahd/2009), the Tribunal affirmed the deletion of penalty u/s.271(1)(c) imposed by the AO, stating that the claim was debatable and necessary details were provided during assessment proceedings. The Tribunal found in favor of the assessee in both instances, leading to the dismissal of the Revenue's appeals. en-us Fri, 05 Aug 2011 00:00:00 +0530 Fri, 30 Sep 2016 18:05:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186801 The Appellate Tribunal ITAT Ahmedabad dismissed both appeals filed by the Revenue. In the first appeal (ITA No.798/Ahd/2009), the Tribunal upheld the allowance of deduction u/s.80IB(10) for a Real Estate Developer company, emphasizing the company's control over the project and its development at its own cost and risks. In the second appeal (ITA No.934/Ahd/2009), the Tribunal affirmed the deletion of penalty u/s.271(1)(c) imposed by the AO, stating that the claim was debatable and necessary details were provided during assessment proceedings. The Tribunal found in favor of the assessee in both instances, leading to the dismissal of the Revenue's appeals. Case-Laws Income Tax Fri, 05 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186801