https://www.taxtmi.com/caselaws?id=395220 The Tribunal upheld the CIT(A)'s decisions in dismissing the Revenue's appeal on all grounds. The additions made by the AO under section 69C for unexplained expenditure were deleted, as the AO's estimation lacked a valid basis. The deduction under section 80IB was allowed, as the project was completed within the prescribed time. Additionally, the disclosure of Rs. 75 lakhs was treated as regular business income eligible for deduction under section 80IB(10), as the Revenue failed to prove otherwise. en-us Fri, 28 Feb 2020 00:00:00 +0530 Tue, 12 May 2020 12:04:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395220 The Tribunal upheld the CIT(A)'s decisions in dismissing the Revenue's appeal on all grounds. The additions made by the AO under section 69C for unexplained expenditure were deleted, as the AO's estimation lacked a valid basis. The deduction under section 80IB was allowed, as the project was completed within the prescribed time. Additionally, the disclosure of Rs. 75 lakhs was treated as regular business income eligible for deduction under section 80IB(10), as the Revenue failed to prove otherwise. Case-Laws Income Tax Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395220