Deduction u/s. 80-IB(10) not dependent on manner of profit distribution among AOP members

IN THE ITAT MUMBAI BENCH ‘F’ Fortaleza Developers Versus Commissioner of Income-tax-15, Mumbai IT APPEAL NO. 2648 (MUM.) OF 2012 [ASSESSMENT YEAR 2007-08] OCTOBER  12, 2012 ORDER I.P. Bansal, Judicial Member This is an appeal filed by the assessee against order dated 27/3/12 for assessment year 2007-08 passed under section 263 of the Income Tax Act,1961 (the Act) by the Ld. CIT-15, Mumbai. The grounds of appeal read as under: “Being aggrieved by the order of the Commissioner of Income Tax- 15, this appeal petition is submitted on the following grounds which...