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2016 (2) TMI 695 - AT - Income TaxEligibility of deduction under section 80IB(10) - Held that:- Co-ordinate Bench of the Tribunal in assessee’s own case in the preceding assessment years has held that the assessee is eligible to claim deduction under section 80IB(10) of the Act on all the residential buildings comprising in Phase-I (A-1 and A-2) and Phase-II (A-3 to A-8). The date of completion of Phase-II shall be reckoned from the date of commencement certificate issued by PMC in respect of buildings A-3 to A-8. Respectfully following the decision of the Co-ordinate Bench of the Tribunal in assessee’s own case, we hold that the assessee is entitled to prorata deduction under section 80IB(10) of the Act on the completed flats. In this regard, we modify the directions of the CIT(A). - Decided in favour of assessee
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