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2016 (3) TMI 210 - AT - Income TaxDenial of deduction u/s. 80IB(10) by reopening the assessment u/s. 147 - Held that:- The commencement certificate issued on 13.11.1996 in the name of Sunil Builders got expired on 12.11.1997 and the assessee on entering into development agreement with Sunil Builders applied for commencement certificate on 13.5.1999 and got certificate dated 5.8.1999 and the project was commenced by the assessee pursuant to the certificate dated 5.8.1999 and since the project was commenced after 1.10.1998, assessee is entitled for deduction u/s. 80IB(10) of the Act - Decided in favour of assessee.
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