https://www.taxtmi.com/caselaws?id=278800 The Appellate Tribunal ITAT Chennai allowed the appeals filed by the assessee in a case involving a revision order by the Commissioner of Income-tax regarding deduction u/s 80IB(10) for assessment years 2004-05 and 2005-06. The Tribunal found that the assessee's method of income recognition was accepted, and the deduction claim was valid even before project completion. Relying on the Malabar Industrial Co. Ltd. case, the Tribunal held that the revision orders were unsustainable in law, setting them aside. en-us Wed, 15 Dec 2010 00:00:00 +0530 Thu, 21 Feb 2019 15:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278800 The Appellate Tribunal ITAT Chennai allowed the appeals filed by the assessee in a case involving a revision order by the Commissioner of Income-tax regarding deduction u/s 80IB(10) for assessment years 2004-05 and 2005-06. The Tribunal found that the assessee's method of income recognition was accepted, and the deduction claim was valid even before project completion. Relying on the Malabar Industrial Co. Ltd. case, the Tribunal held that the revision orders were unsustainable in law, setting them aside. Case-Laws Income Tax Wed, 15 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278800