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2016 (12) TMI 501 - GUJARAT HIGH COURTDeduction under Section 80IB [10] - whether Evidences found during the survey u/s. 133A of the Act shows that construction was not completed on 31/03/2012 ? - BUC for Tower ‘A’, ‘B’ & ‘F’ were issued by the local authority on 2/4/2012 - Held that:- As more particularly when the housing project was already completed/ constructed prior to 31st March 2012 and BU permission was applied prior to 31st March 2012, but was granted by the local authority on 2nd April 2012, the assessee cannot be denied deduction under Section 80IB [10] of the Act. Under the circumstances, the learned CIT [A] has rightly allowed deduction under Section 80IB [10] of the Act with respect to such units/housing project and the same has been rightly confirmed by the learned Tribunal. - Decided in favour of assessee
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