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2015 (4) TMI 1325 - AT - Income TaxDeduction u/s 80IB(10) - Disallowance of claim as assessee was acting as a contractor for the owner of the plots of land, on the ground that, the sale deed for land was executed in favour of the purchaser of the plots, and purchaser of the plots have entered into construction contract for construction of units - HELD THAT:- Tribunal in the case of Narayan Reality Ltd. [2014 (5) TMI 221 - ITAT AHMEDABAD] wherein the Tribunal has held that no disallowance can be made for deduction under section 80IB(10) by treating the assessee as a contractor and not developer. We, therefore, following the above decision of the Tribunal, set aside the order of the CIT(A) and delete the disallowance of claim of deduction under section 80IB(10) of the Act. Thus, this ground of appeal of the assessee is allowed.
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