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2017 (4) TMI 1522 - ITAT AHMEDABADDisallowance of deduction u/s.80IB - as per AO permission for construction first was granted by the Surat Urban Development Authority (SUDA) on 05.02.1997 which was to be completed on or before 31.03.2008 for claiming deduction but the same was actually completed on 01.10.2010 - CIT-A allowed deduction - HELD THAT:- SUDA had given permission as on 5th Feb, 1997 to its erstwhile owners for making plots and thereafter construction to plinth and out of those plots, two plots were purchased by this Hemant I Desai as on 27th March, 2000 which was subsequently purchased by the father of the assessee which in turn came in possession of the assessee. As noticed from the supporting material that the permission to develop housing project was obtained on 23rd Feb, 2007 which was revised on 17nd September, 2009 and as per the permission the housing project was completed on 31st March, 2010. CIT(A) has elaborated in his findings and order that the condition of completion of project within prescribed time were fulfilled by assessee in her case. After considering the above facts and detailed order of the Ld.CIT(A) we do not find any reason to interfere in the findings of the Ld.CIT(A). - Decided against revenue.
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