Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (9) TMI 1084 - AT - Income TaxDisallowance of claim of deduction u/s 80IB(10) - Held that:- The project approved by PMC on 31.03.2001 consisted of Buildings A,B,C,D & E and the local authority for the purposes of issuing completion certificate for claiming deduction u/s 80IB(10) of the Act is the Gram Panchayat, Keshav Nagar, Mundhwa, Pune. In view of the above fact the claim of deduction u/s 80IB(10) of the Act for the project approved on 31.03.2001 and which comprises of Buildings A to E of 80 flats amounting to ₹ 18,68,951/- was held allowable for A.Y. 2006-07. In view of above, the CIT(A) allowed the claim of deduction u/s.80IB(10) of the Act following the decision of ITAT in A.Y.2006-07 as discussed above. Nothing contrary has been brought to our knowledge on behalf of the Revenue. Facts being similar, so following the same reasoning, we are not inclined to interfere with the finding of CIT(A), who has allowed the claim of the assessee by following the decision of assessee’s own case by ITAT order for A.Y. 2006-07. - Decided against revenue
|