Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (2) TMI 566 - AT - Income TaxDisallowance of deduction claimed u/s. 80IB(10) for non-completion of project before the due date - incomplete housing project - Held that:- As decided in Income Tax Officer Vs. M/s. Paras Construction [2015 (8) TMI 266 - ITAT PUNE ] non obtaining of completion certificate in respect of project approved prior to 01-04-2005 will not render the assessee ineligible for claiming deduction u/s. 80IB(10) in the impugned assessment year. Thus, in the facts of the case and the well settled law discussed above, we are of the considered opinion that the assessee is eligible to claim deduction u/s. 80IB(10) in respect of its project, ‘Laxmi Vihar’ at Hadapsar, Pune. - Decided in favour of assessee
|