Section 80-IB of the Income-tax Act, 1961—Deduction— Deduction not allowed to assessee.

Facts: Only issue pressed by the Department is in relation to the deduction under Section 80IB(10)(a).

Held, that appeals are allowed by setting aside the impugned judgment of the Tribunal with regard to the deduction claimed by the assessee under Section 80IB(10)(a) and instead the decision of the Assessing Officer to disallow the said deduction is upheld. No order as to costs. - CIT V/s GLOBAL ESTATES - [2018] 1 ITCD Online 378 (MP)