https://www.taxtmi.com/caselaws?id=403481 The ITAT Delhi dismissed the revenue's appeal and affirmed the allowance of deduction u/s. 80IAB to the assessee engaged in developing SEZ projects. The judgment emphasized that income derived from developing SEZ projects qualifies for the deduction under section 80IAB, regardless of the income head it falls under. The decision highlighted the overriding effect of the SEZ Act 2005 on other laws and established that developing SEZ constitutes a business for the purposes of claiming the deduction. en-us Mon, 25 Jan 2021 00:00:00 +0530 Sat, 30 Jan 2021 07:29:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403481 The ITAT Delhi dismissed the revenue's appeal and affirmed the allowance of deduction u/s. 80IAB to the assessee engaged in developing SEZ projects. The judgment emphasized that income derived from developing SEZ projects qualifies for the deduction under section 80IAB, regardless of the income head it falls under. The decision highlighted the overriding effect of the SEZ Act 2005 on other laws and established that developing SEZ constitutes a business for the purposes of claiming the deduction. Case-Laws Income Tax Mon, 25 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403481