https://www.taxtmi.com/highlights?id=65882 Deduction u/s 80IB - Disallowance of Deduction as project was not completed as work-in-progress was reflected in the profit and loss account - Observing the facts and circumstances of the case that the legal issue of clause (e) & (f) is prospective in nature. Taking into consideration, the A.Y 2011-12, applicability of section 80IB(10) and clause (e) & (f) held that the amendment introduced clauses (e) & (f) and u/s 80IB(10) were prospective in nature. - AT en-us Fri, 30 Sep 2022 16:03:37 +0530 Fri, 30 Sep 2022 16:03:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65882 Deduction u/s 80IB - Disallowance of Deduction as project was not completed as work-in-progress was reflected in the profit and loss account - Observing the facts and circumstances of the case that the legal issue of clause (e) & (f) is prospective in nature. Taking into consideration, the A.Y 2011-12, applicability of section 80IB(10) and clause (e) & (f) held that the amendment introduced clauses (e) & (f) and u/s 80IB(10) were prospective in nature. - AT Highlights Income Tax Fri, 30 Sep 2022 16:03:37 +0530 https://www.taxtmi.com/highlights?id=65882