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2011 (2) TMI 1236 - KARNATAKA HIGH COURTWhether the calculations have to be made on completion of the project after registering the plots in favour of the intended purchasers or customers, who had invested the amount from time to time, or as and when the amount is paid and accrued to the benefit of the petitioner for each assessment years and, also to consider the deductions available as per Section 80IB(10) of the Act – grievance of the petitioner is, neither the Assessing Officer nor the Revisional Authority namely, the Commissioner of Income Tax have taken into consideration the tax holidays and the exemption granted as per Section 80IB(10) of the Income Tax – Held that:- to pass appropriate orders in accordance with law, the matter is remanded to the Assessing Officer, Petitions are accordingly allowed
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