https://www.taxtmi.com/caselaws?id=194803 The Tribunal allowed the appeals in part, ruling in favor of the assessee on the eligibility for deduction under section 80IB(10) for residential projects at Pocket 7 MIDC and Ashram Chawl. The addition under section 2(22)(e) for deemed dividends was deleted, as the transactions were deemed to be guided by commercial expediency and business necessity. The issue regarding the deduction for Pocket 10 MIDC was remanded to the AO for fresh adjudication. en-us Wed, 25 Aug 2010 00:00:00 +0530 Wed, 23 Aug 2023 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194803 The Tribunal allowed the appeals in part, ruling in favor of the assessee on the eligibility for deduction under section 80IB(10) for residential projects at Pocket 7 MIDC and Ashram Chawl. The addition under section 2(22)(e) for deemed dividends was deleted, as the transactions were deemed to be guided by commercial expediency and business necessity. The issue regarding the deduction for Pocket 10 MIDC was remanded to the AO for fresh adjudication. Case-Laws Income Tax Wed, 25 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194803