HC directs AO to verify claim of Section 80IB(10) deduction

DIT Exemptions Vs India Heritage Foundation Gokulam Complex (Karnataka High Court)

It is evident that the Assessing Officer has not made any enquiry with regard to the claim of the assessee for deduction under Section 80IB(10) of the Act. The Director of Income Tax (Exemption) in the order passed under Section 263 of the Act has held that the Assessing Officer has not applied its mind on the issue of allowance of deduction under Section 80IB(10) of the Act and application of income under Section 11 of the Act. Therefore, it

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