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2017 (7) TMI 1290 - HC - Income TaxDeduction under Section 80IB(10) in respect of redevelopment project - not eligible for deduction in view of the board instructions under Section 119 - Tribunal allowed claim - as per revenue tribunal was not justified in overwriting the notification of the board under Section 119 of the Act - HELD THAT:- The Commissioner [Appeals] in his judgment has specifically observed that the project of the assessee is approved as slum rehabilitation project by slum rehabilitation authority of the State and the same has also been notified. The assessee has submitted the project and the plan dated 28/04/2004 and the same was approved by the Rehabilitation Authority on 04/06/2004, the same is filed on record. The Tribunal has also considered the said aspect, so also proviso to Section 80IB(10) of the Act and has correctly passed the order. The judgment of the Tribunal cannot be faulted with.
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