Sec. 80IB(10) of Income Tax Act, 1961 – Deduction – In the appeal of the assessee against the order of CIT(A), the issue involved relates to the disallowance made by the AO and confirmed by the CIT(A) on account of assessee's claim for deduction under section 80IB(10) of IT Act, 1961 in respect of interest received amounting to Rs. 11,10,810/– and other income amounting to Rs. 6,36,746/–. ITAT partly allowed the appeal of the assesse holding that:- the income by way of transfer fees received by the assessee for Apartment Booking amounting to Rs. 4,10,892/– and interest received for delay in payment against Flat amounting to Rs. 1,61,674/– had a direct or first degree connection with the business of the assessee of developing a housing project and the same, therefore, was eligible for deduction under section 80IB(10) – SATERN GRIHA NIRMAN P. LTD. Vs. ITO [2020] 79 ITR (TRIB) 359 (ITAT–KOLKATA)