Deduction u/s. 80-IB(iv) available where assessee was having many housing projects but ‘independence’ among them not proved

IN THE ITAT CHENNAI BENCH ‘C’ Deputy Commissioner of Income-tax, Co.-Circle IV(1) Versus Macro Marvel Projects Ltd. IT APPEAL NOS. 1685 (MDS.) OF 2010 & 116 (MDS.) OF 2011 C.O. No. 117 (MDS.) of 2011 [ASSESSMENT YEAR 2005-06] NOVEMBER 27, 2012 ORDER Abraham P. George, Accountant Member Of the above, I.T.A. No. 1685/Mds/2010 and C.O. No. 117/Mds/2011 are appeal and cross-objection of the Revenue and assessee respectively, directed against an order dated 1.7.2010 of Commissioner of Income Tax (Appeals)-V, Chennai. Revenue in its appeal is aggrieved with the direc...