https://www.taxtmi.com/caselaws?id=409262 The Tribunal allowed the appeal, granting the deduction u/s 80IB(10) on the on-money received by the assessee. The Tribunal emphasized that the on-money, acknowledged and included in total income, qualified for the deduction as it related to flat sales. It rejected the Revenue's argument of unexplained income, citing the consistency principle and the doctrine of approbate and reprobate. The decision highlighted the significance of income sources in determining eligibility for tax deductions under the Income-tax Act, 1961. en-us Fri, 02 Jul 2021 00:00:00 +0530 Sat, 03 Jul 2021 08:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409262 The Tribunal allowed the appeal, granting the deduction u/s 80IB(10) on the on-money received by the assessee. The Tribunal emphasized that the on-money, acknowledged and included in total income, qualified for the deduction as it related to flat sales. It rejected the Revenue's argument of unexplained income, citing the consistency principle and the doctrine of approbate and reprobate. The decision highlighted the significance of income sources in determining eligibility for tax deductions under the Income-tax Act, 1961. Case-Laws Income Tax Fri, 02 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409262