M/S. CITY CORPORATION LIMITED,PUNE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), PUNE

In the result, both the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri R. K. Panda & Shri Vinay Bhamore

disallowance of deduction u/s 80IB (10) of Income Tax Act, 1961 of Rs.1,02,32,288/-. Ground No 2 2. The Learned Commissioner of Income Tax (Appeal) has erred in wrongly Interpreting the provisions of section 80 IB (10) (c) and thereby rejecting the deduction. 3. The Learned Commissioner of Income Tax (Appeal) has erred in wrongly Interpreting the provisions