| Question And Answer | |
|---|---|
| Subject: | Disallowance of deduction claimed u/s 80IBA of the Act . |
| Category: | Income-Tax |
| Querist: | Manali J Shah |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | section 80IBA deduction |
| Date: | November 26, 2024 |
Respected Sir / Madam
Request you to kindly guide on the following matter.
The learned AO disallowed the deduction claimed by the appellant u/s 80IBA of the Act on the ground that the appellant had not fulfilled the conditions stipulated under section 80IBA of maintaining separate books of accounts for all the activities undertaken by it during the year under consideration and drawn the inference that appellant is maintaining common books of accounts for the entire plot only on the basis of perusal of Financial Statements .
Reply of the Expert is awaited. Please check back later
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