https://www.taxtmi.com/caselaws?id=339424 The Tribunal ruled in favor of the appellant, directing the Assessing Officer to delete the disallowed deduction under section 80IB(10) amounting to Rs. 34,76,223. The Tribunal held that the appellant, despite not owning the land, satisfied the entrepreneurship risk criterion for eligibility, emphasizing that assuming entrepreneurship risk qualifies an assessee for the deduction, regardless of land ownership or specific business models. The Tribunal dismissed objections raised by the Assessing Officer and CIT(A), deeming them legally unsustainable and speculative, respectively. en-us Fri, 17 Feb 2017 00:00:00 +0530 Mon, 27 Feb 2017 10:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339424 The Tribunal ruled in favor of the appellant, directing the Assessing Officer to delete the disallowed deduction under section 80IB(10) amounting to Rs. 34,76,223. The Tribunal held that the appellant, despite not owning the land, satisfied the entrepreneurship risk criterion for eligibility, emphasizing that assuming entrepreneurship risk qualifies an assessee for the deduction, regardless of land ownership or specific business models. The Tribunal dismissed objections raised by the Assessing Officer and CIT(A), deeming them legally unsustainable and speculative, respectively. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339424