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2012 (5) TMI 568 - AT - Income TaxDeduction made on account of 80IB(10) - Held that:- Once the matter is going back for reconciliation, then the agreements connected to the land and the details of the approval granted by the local authority permitting to develop the housing project can also be examined if deem fit. Since the Hon’ble High Court in the case of Radhe Developers India Ltd. [2009 (4) TMI 21 - GUJARAT HIGH COURT ] has given the verdict in favour of the assessee after due ascertainment of these basic facts, therefore it is appropriate first to place on record all these information and then if facts are identical consequently thereupon, the cited decision has to be followed to dispose of the issue. With these directions, we hereby allow the ground of the Revenue that too for statistical purposes only.
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