https://www.taxtmi.com/caselaws?id=395109 The ITAT partially allowed the appeal, addressing disallowances under sections 80IB(10) and 43B, as well as interest on TDS and penalty on professional tax. The ITAT upheld the disallowance of interest income not directly related to the housing project but allowed certain other income for deduction. It supported the deduction of net interest under section 80IB(10) and dismissed the disallowance of ESI payable due to lack of proof of timely payment. The issue concerning interest on TDS and penalty on professional tax was not pursued by the assessee and was dismissed accordingly. en-us Mon, 04 May 2020 00:00:00 +0530 Wed, 24 Jun 2020 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395109 The ITAT partially allowed the appeal, addressing disallowances under sections 80IB(10) and 43B, as well as interest on TDS and penalty on professional tax. The ITAT upheld the disallowance of interest income not directly related to the housing project but allowed certain other income for deduction. It supported the deduction of net interest under section 80IB(10) and dismissed the disallowance of ESI payable due to lack of proof of timely payment. The issue concerning interest on TDS and penalty on professional tax was not pursued by the assessee and was dismissed accordingly. Case-Laws Income Tax Mon, 04 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395109