Amount not allowed for non deduction of TDS is eligible for deduction U/s. 80IB

ITAT PUNE BENCH ‘B’ Income-tax Officer, Ward-9(3), Pune versus Kalbhor Gawade Builders IT Appeal No. 386 (PN.) of 2011 [ASSESSMENT YEAR 2007-08] Date of Pronouncement- 30.10.2012 ORDER Shailendra Kumar Yadav, Judicial Member This appeal has been filed by the Revenue against the order of the CIT(A) on following grounds: 1. Whether on the facts and circumstances of the case and in law the Ld. CIT(A) was justified in holding the total income determined by the Assessing Officer after disallowance of expenditure as per sec.40(a)(ia) of the I.T. Act as “profit deri...