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Deduction u/s 80-IB(10) upheld; Revenue's claim of inflated profits through land transfer dismissed.

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....Disallowance of deduction claimed u/s 80-IB(10) - When the third party individuals are partners in the assessee-firm apart from the children of the land owners, the contention of the Revenue that the land in question was transferred to the partnership firm at a guideline value in order to increase the profit of the assessee-firm so as to claim deduction u/s 80-IB(10) has no merit at all.....

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Deduction u/s 80-IB(10) upheld; Revenue's claim of inflated profits through land transfer dismissed.