https://www.taxtmi.com/caselaws?id=471604 Deduction under section 80IB(10) extends to additional income disclosed during a search where unrecorded customer receipts arise from sales of flats in an otherwise eligible housing project. Such receipts retain the character of housing-project business income despite not being recorded in the regular books. Assessment under the search provisions requires total income to be computed by applying other applicable provisions, including Chapter VIA deductions, provided the prescribed conditions are met. The disclosed income therefore qualifies for the housing-project deduction when its source is the eligible project. en-us Wed, 26 Nov 2014 00:00:00 +0530 Thu, 10 Sep 2026 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471604 Deduction under section 80IB(10) extends to additional income disclosed during a search where unrecorded customer receipts arise from sales of flats in an otherwise eligible housing project. Such receipts retain the character of housing-project business income despite not being recorded in the regular books. Assessment under the search provisions requires total income to be computed by applying other applicable provisions, including Chapter VIA deductions, provided the prescribed conditions are met. The disclosed income therefore qualifies for the housing-project deduction when its source is the eligible project. Case-Laws Income Tax Wed, 26 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471604