Allotments to Relatives Disputed: ITAT Remands Section 80-IB(10) Deduction Claim for Verification

ITAT remanded a Section 80-IB(10) deduction claim for verification, noting disputed allotments to relatives. Section 80-IB(10) provided tax deductions for profits from housing projects subject to certain conditions, including restrictions on allotments to relatives beyond a specified limit. The tribunal found discrepancies or issues with the allotments made in the assessee's housing project and directed the tax authorities to conduct a thorough verification to determine the eligibility for the deduction under Section 80-IB(10), particularly concerning the allotments to related parties.