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Section 80IB

Latest Articles


Recent Judgements of Supreme Court on Income Tax Issues

Income Tax : Explore recent Supreme Court rulings (2023) on income tax issues. Highlights of key cases, analysis, and implications....

January 22, 2024 21264 Views 3 comments Print

Major changes in ITR for FY 2023-24

CA, CS, CMA : Discover the major changes in ITR forms for FY 2023-24 (AY 2024-2025). Highlights include new sections for retirement benefit acco...

August 3, 2023 24381 Views 1 comment Print

Tax planning while setting up of a business with reference to location

Income Tax : Tax planning while setting up of a business with reference to location (2021-2022 A.Y, A.Y 2022-2023 , A.Y 2023-2024  and A.Y 202...

May 19, 2023 64911 Views 1 comment Print

How to avail Maximum benefit under Section 80IB(10)

Income Tax : Recently, I was approached by a Builder Group seeking a number of clarifications, in respect of the incentive granted U/S 80-IB(10...

July 3, 2020 46676 Views 1 comment Print

Section 80-IBA Affordable Housing Scheme: Analysis of Section, FAQs, Relevant Case Laws and Updated with Finance Act 2020

Income Tax : Whether nearby cities which are in 25 km from municipality are to be considered at par with metro cities for FY 2016-17? Solution:...

February 25, 2020 72204 Views 20 comments Print


Latest News


CBDT have well-established mechanism to deal with Audit Objections

Income Tax : The office of the Comptroller & Auditor General (C & AG) conducts compliance as well as performance audit relating to specific are...

December 20, 2016 1180 Views 0 comment Print

No established mechanism to assess revenue foregone on account of deduction U/s. 80 IA

Income Tax : The CBDT did not have any established mechanism to assess the impact of revenue foregone on account of deduction under section 80 ...

November 22, 2016 1738 Views 0 comment Print

Budget 2011-12- Give tax sops on affordable housing

Income Tax : Industry chamber Assocham today asked the government to re-introduce the tax exemption scheme to promote affordable housing in the...

February 19, 2011 447 Views 0 comment Print

Study of recent amendment in deduction for developing and building housing projects – S. 80-IB

Income Tax : Section 80-IB (10) of the Act is aimed at promoting construction of housing projects, so as to address the problem of shortage of ...

May 26, 2010 1602 Views 0 comment Print

Hospitality sector want tax holiday to extended to 10 years

Income Tax : Sushanto Roy, CEO, Sahara Prime City, has in a pre-Budget wish list of expectations said: "Given the pent-up demand for affordable...

February 14, 2010 480 Views 0 comment Print


Latest Judiciary


No denial of deduction u/s 80IA(4) for delayed filing of Form 10CCB Audit Report

Income Tax : Deduction under section 80IA(4) couldn't be denied solely due to the delayed filing of Form 10CCB, as the audit report was filed b...

February 3, 2025 144 Views 0 comment Print

Condonation of 2564-Day Delay Allowed as No Undue Benefit from Not Appealing Assessment Order

Income Tax : Assessee had given reasons that as per the previous counsel, late Shri R.R. Jain (C.A.) had given advice no separate appeal agains...

December 18, 2024 5052 Views 0 comment Print

Industrial unit to be treated separately and independently for computation of deduction u/s. 80-IB

Income Tax : The stand of the assessee was that it was not necessary that loss of one industrial undertaking should necessarily be adjusted aga...

December 18, 2024 153 Views 0 comment Print

Disallowance of deduction u/s. 80IB(10) deleted following decision of High Court and Supreme Court

Income Tax : ITAT Ahmedabad held that disallowance of deduction claimed under section 80IB(10) of the Income Tax Act rightly deleted as delay i...

December 11, 2024 639 Views 0 comment Print

Gross receipts calculation for section 44AD includes duty drawback: ITAT Kolkata

Income Tax : ITAT Kolkata held that duty drawback is part of gross receipts for the purpose of calculation of ‘gross receipts’ under the pr...

December 9, 2024 771 Views 0 comment Print


Latest Notifications


Deduction U/s 80IB, 80IC eligible on Transport, Power & Interest subsidies

Income Tax : It is a settled position that revenue subsidies received from the Government towards reimbursement of cost of production/manufactu...

November 29, 2016 6937 Views 0 comment Print

Section 80-IB of the Income-tax Act, 1961 – Corrigendum to Notification No. S.O. 1898(E), dated 3-8-2010

Income Tax : Notification No. 2/2011 - Income Tax In the notification of the Government of India in the Ministry of Finance, Department of Rev...

January 5, 2011 2323 Views 0 comment Print

Section 80-IB – Scheme for slum redevelopment prepared by Maharashtra Government

Income Tax : Notification No. 01/2011- Income Tax In exercise of the powers conferred by clauses (a) and (b) of sub-section (10) of section 80-...

January 5, 2011 1159 Views 0 comment Print

Notification No. 67/2010- Notified scheme for purposes of section 80-IB(10)

Income Tax : Notification No. 67/2010 - Income Tax In exercise of the powers conferred by the proviso to Clause (a) and (b) of sub-section (10)...

August 3, 2010 1447 Views 0 comment Print

Clarification regarding deduction under section 80-IB(10) in respect of undertakings developing building and housing projects

Income Tax : Instruction No. 4/2009, dated 30-6-2009 Under sub-section (10) of section 80-IB an undertaking developing and building housing pro...

July 1, 2009 2201 Views 0 comment Print


Latest Posts in Section 80IB

No denial of deduction u/s 80IA(4) for delayed filing of Form 10CCB Audit Report

February 3, 2025 144 Views 0 comment Print

Deduction under section 80IA(4) couldn’t be denied solely due to the delayed filing of Form 10CCB, as the audit report was filed before the return was processed.

Condonation of 2564-Day Delay Allowed as No Undue Benefit from Not Appealing Assessment Order

December 18, 2024 5052 Views 0 comment Print

Assessee had given reasons that as per the previous counsel, late Shri R.R. Jain (C.A.) had given advice no separate appeal against the order passed u/s 263 was filed before ITAT.

Industrial unit to be treated separately and independently for computation of deduction u/s. 80-IB

December 18, 2024 153 Views 0 comment Print

The stand of the assessee was that it was not necessary that loss of one industrial undertaking should necessarily be adjusted against the profit of another eligible industrial undertaking.

Disallowance of deduction u/s. 80IB(10) deleted following decision of High Court and Supreme Court

December 11, 2024 639 Views 0 comment Print

ITAT Ahmedabad held that disallowance of deduction claimed under section 80IB(10) of the Income Tax Act rightly deleted as delay in BU was due to dispute of jurisdiction between AMC and AUDA. Accordingly, following judgement of Jurisdictional HC and SC disallowance rightly deleted.

Gross receipts calculation for section 44AD includes duty drawback: ITAT Kolkata

December 9, 2024 771 Views 0 comment Print

ITAT Kolkata held that duty drawback is part of gross receipts for the purpose of calculation of ‘gross receipts’ under the presumptive taxation as per section 44AD of the Income Tax Act. Thus, appeal allowed.

Reopening assessment u/s. 147 void-ab-initio as issue already dealt in original assessment

December 3, 2024 885 Views 0 comment Print

ITAT Ahmedabad held that reopening of assessment u/s. 147 on the issue which is already dealt in the original assessment void ab initio and bad in law since no new fresh material was pointed out at the time of reopening of assessment.

Deduction u/s. 80-IB disallowed for interest on staff advances and bank deposits: ITAT Ahmedabad

October 18, 2024 291 Views 0 comment Print

ITAT Ahmedabad held that deduction under Section 80-IB/80-IE of the Income Tax Act disallowed on loan to employees and bank deposits as such interest income is not income derived from industrial undertaking.

Non-Appearance Caused by Notice Served on Ex-Employee: ITAT Restores Case to CIT(A)

September 17, 2024 387 Views 0 comment Print

ITAT Ahmedabad overturns ex parte order against Takshashila Realties Pvt Ltd due to non-receipt of notices, remands case for fresh consideration.

Disallowance of deduction u/s. 80P by CPC is beyond the scope of adjustment u/s. 143(1): ITAT Mumbai

August 15, 2024 1020 Views 0 comment Print

ITAT Mumbai held that disallowance made by the CPC u/s. 143(1)(a) of the Income Tax Act on the claim of deduction u/s. 80P of the Income Tax Act is beyond the scope of adjustment u/s. 143(1) accordingly the adjustment is deleted.

Mining, cutting & polishing of Marble constitute ‘production’ for Section 80IB

August 3, 2024 294 Views 0 comment Print

Rajasthan High Court rules on CIT Kota Vs World Wide Stone case, addressing deductions under Sec. 80 IB for activities involving mining, cutting, and polishing.

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