Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (7) TMI 325 - AT - Income TaxDisallowance of deduction u/s 80IB(10) - appellant ineligible to claim deduction in absence of project completion certificate from VMSS in totality - Held that:- the assessee is eligible for deduction under section 80IB(10) in absence of project completion certificate from VMSS in totality because the project was completed within four years, the time prescribed. The CIT(A) was not justified in upholding the action of A.O. when the assessee not only submitted the project completion report but also paid drainage and water line connections to the local authority within the time limit prescribed under the Act. Following the decision of the Tribunal in assessee’s own case for AY 2007-08 which has been upheld by Hon’ble Gujarat High Court vide order dated 05/05/2015 (2015 (6) TMI 460 - GUJARAT HIGH COURT ), we set aside the orders of lower authorities and allow the claim of assessee on this issue. - Decided in favour of assessee.
|