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2016 (5) TMI 870 - AT - Income TaxClaim of deduction under section 80IB(10) - non receipt of completion certificate - Held that:- No reason in the disallowance made by the authorities below in denying deduction under section 80IB(10) of the Act. The assessee before us has furnished evidence to the effect that the individual flat owners have occupied the respective flats, against which municipal taxes have been levied by the State authorities and even electricity connections have been made to the flats, against which the charges have been paid. Further, the assessee had applied for completion certificate before due date i.e. 17.03.2008 and merely because the completion certificate was not received by the assessee, the deduction allowable under section 80IB(10) of the Act cannot be denied. We hold so. Accordingly, we direct the Assessing Officer to allow the claim of assessee in this regard. - Decided in favour of assessee.
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