https://www.taxtmi.com/caselaws?id=401419 The appeal in this case involved the rejection of a claim for deduction under section 80IB(10) of the Income Tax Act. The Commissioner of Income Tax (Appeals) held that the assessee was eligible for the deduction and deleted the disallowed amount. The Assessing Officer's estimation of profits was also challenged, with the Tribunal ultimately ruling that the profit estimation was not justified without rejecting the books of accounts. Consequently, the Tribunal allowed the assessee's appeal and deleted the addition of Rs. 15,62,791. en-us Thu, 26 Nov 2020 00:00:00 +0530 Mon, 07 Dec 2020 10:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401419 The appeal in this case involved the rejection of a claim for deduction under section 80IB(10) of the Income Tax Act. The Commissioner of Income Tax (Appeals) held that the assessee was eligible for the deduction and deleted the disallowed amount. The Assessing Officer's estimation of profits was also challenged, with the Tribunal ultimately ruling that the profit estimation was not justified without rejecting the books of accounts. Consequently, the Tribunal allowed the assessee's appeal and deleted the addition of Rs. 15,62,791. Case-Laws Income Tax Thu, 26 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401419