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2014 (12) TMI 1214 - HC - Income TaxInterpretation of section 80-IB(10)(d) - Effect of amendment w.e.f. 01.04.2005 - Held that:- The controversy or issue in the above Appeals is covered either by a Division Bench judgment to which one of us (S.C.Dharmadhikari,J.) was a party rendered in M/s. Happy Home (2014 (9) TMI 707 - BOMBAY HIGH COURT ) or another Division Bench judgment of in Commissioner of Income Tax V/s. M/s. Vandana Properties [2012 (4) TMI 54 - BOMBAY HIGH COURT ] held that section 80-IB(10)(d) is prospective in nature and can have no application to a housing project that is approved before 31st March, 2005 - clause (d) of section 80-IB(10) is inextricably linked to the date of the approval of the housing project and the subsequent development/construction of the same, and has nothing to do with the profits derived therefrom - Decided against revenue
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