Karnataka High Court quashes order directing AO to disallow the Deduction TO both Owner and Land Developer [Read Order]

The Karnataka High Court quashed the order passed by the Director of Income Tax (Exemption), Bangalore directing the Assessing Officer(AO) to disallow the deduction under Section 80IB(10) of the Income Tax Act. The assessee, India Heritage Foundation is a Trust engaged in the business of construction and real estate activities. The assessee filed the return […]

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