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2014 (5) TMI 667 - HC - Income TaxValidity of re-opening of assessment – Mere change of opinion – Deduction 80IB(10) of the Act – Held that:- The Tribunal has properly appreciated the facts on the record and has given its findings which are in consonance with law - revenue has not been able to point out any new fact/material or information which came to the knowledge of the AO on the basis of which the assessment was re-opened - the CIT(A) has given a finding of fact based on cogent appreciation of the material on the record that the plot of land on which the Housing Project is undertaken if more than one acre in area - the Assessee is eligible to claim the deductions u/s 80IB(10) of the Act – the order of the Tribunal is upheld – Decided against Revenue.
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