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2018 (10) TMI 1840 - AT - Income TaxDeduction claimed u/s 80IB - assessee has not completed the project within the stipulated period of five years in order to avail deduction - Disallowance on account the project which was not completed within the stipulated time as discussed by the AO - HELD THAT:- As decided in own case [2017 (1) TMI 445 - ITAT MUMBAI] assessee has completed the project within five years from the end of the relevant year in which the approval was taken. Project is completed and occupation in respect of all the blocks that is “A”, “B”, “C”, “D” “E” are obtained within stipulated time limit of 31.3.2013 and there is no violation of any of the conditions mentioned in the provisions of section 80IB(10) of the Act. Accordingly we have no hesitation in allowing this claim of assessee and accordingly the same is allowed. - Decided in favour of assessee.
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