2021 (8) TMI 1317 - SCH - Income Tax

Deduction u/s 80IB - Unaccounted money found during the search proceedings and explained as on money received are eligible for deduction under Section 80IB(10) - transactions entered into with the buyers of flats are eligible for deduction even though there is violation of the sub-Sections(e) and (f) of Section 80IB(10) on the ground that these transactions were entered into before the amendments to sub-Section (3) and (f) of Section 80IB(10) - HC allowed assessee appeal - HELD THAT - Leave granted.

Summary

The Supreme Court of India granted leave in the case. The citation is 2021 (8) TMI 1317 - SC. Justices D.Y. Chandrachud and M.R. Shah presided over the case. The legal representatives included Mr. Sanjay Jain, Mr. D.L. Chidananda, Ms. Swati Ghildiyal, Mr. Anmol Chandan, and Mr. Raj Bahadur Yadav.