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2014 (3) TMI 529 - AT - Income TaxAllowability of deduction u/s 80IB(10) r.w.s. 80IB(1) of the Act - Revenue was of the view that the assessee is not the owner of the land but has acted only as a contractor Held that:- The CIT(A) has passed a cryptic order while allowing the claim of deduction of Assessee the decision in DY. COMMISSIONER OF INCOME TAX Versus RADHE DEVELOPERS INDIA LTD. [2009 (4) TMI 21 - GUJARAT HIGH COURT] followed - various requirements needs to be fulfilled by a developer so as to become eligible for claiming deduction u/s. 80IB(10) - there is no finding by the lower authorities in the case of Assessee about the compliance of all the conditions prescribed u/s 80IB(10) - To verify the compliance of the conditions as stipulated by the co-ordinate Bench, the matter needs re-examination thus, the matter is remitted back to the CIT(A) for verification of compliance of the conditions Decided in favour of Revenue.
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