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2016 (7) TMI 388 - AT - Income TaxDeduction u/s. 80IB(10) - Housing project ‘Sanskriti’ comprising of buildings D, E and G developed by the assessee - reason for rejecting the claim of the assessee is that the project of the assessee is not complete within the specified time/due date in accordance with the clause (a) of section 80IB(10) of the Act - Held that:- The Hon'ble Bombay High Court in the case of Commissioner of Income Tax Vs. Hindustan Samuh Awas Ltd. (2015 (10) TMI 2306 - BOMBAY HIGH COURT ) while dealing with the similar issue where the assessee completed the housing project on time and filed an application for seeking completion certificate to the Municipal Authorities within the specified time held that the delay in issuance of certificate cannot be attributed to the assessee and the assessee was entitled for exemption u/s. 80IB(10) of the Act. - Decided in favour of assessee.
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