https://www.taxtmi.com/caselaws?id=278502 The Tribunal partially allowed the appeal, dismissing the issue of the addition of a loan received under section 68 of the Income Tax Act as the appellant waived the right to press the issue. However, the Tribunal granted relief on the denial of deduction under section 80IB(11A) due to disallowances under sections 40A(3) and 43B, in favor of the assessee, citing a Circular issued by the Central Board of Direct Taxes supporting the eligibility of such disallowances for the deduction. en-us Thu, 07 Jun 2018 00:00:00 +0530 Fri, 08 Feb 2019 06:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278502 The Tribunal partially allowed the appeal, dismissing the issue of the addition of a loan received under section 68 of the Income Tax Act as the appellant waived the right to press the issue. However, the Tribunal granted relief on the denial of deduction under section 80IB(11A) due to disallowances under sections 40A(3) and 43B, in favor of the assessee, citing a Circular issued by the Central Board of Direct Taxes supporting the eligibility of such disallowances for the deduction. Case-Laws Income Tax Thu, 07 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278502