https://www.taxtmi.com/caselaws?id=312150 The Tribunal partly allowed the assessee's appeals for statistical purposes and dismissed the revenue's appeals. It remanded the disallowance of deductions under Section 80IB(10) for the Gawanpada Project to the CIT(A) for fresh adjudication, considering CBDT instructions. The addition as deemed dividend under Section 2(22)(e) was deleted, as financial transactions between sister concerns were not loans or advances. The deduction under Section 80IA(4)(iii) for industrial park projects was upheld. For the Ashram Chawl Project, the Tribunal allowed the deduction, and the addition of alleged undisclosed sales was upheld. Additional grounds were addressed accordingly. en-us Fri, 24 Jun 2011 00:00:00 +0530 Mon, 05 Feb 2024 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312150 The Tribunal partly allowed the assessee's appeals for statistical purposes and dismissed the revenue's appeals. It remanded the disallowance of deductions under Section 80IB(10) for the Gawanpada Project to the CIT(A) for fresh adjudication, considering CBDT instructions. The addition as deemed dividend under Section 2(22)(e) was deleted, as financial transactions between sister concerns were not loans or advances. The deduction under Section 80IA(4)(iii) for industrial park projects was upheld. For the Ashram Chawl Project, the Tribunal allowed the deduction, and the addition of alleged undisclosed sales was upheld. Additional grounds were addressed accordingly. Case-Laws Income Tax Fri, 24 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312150