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2018 (12) TMI 401 - AT - Income TaxDisallowance of deduction u/s 80IB(10) - demonstration of completion of the project - Held that:- Hon'ble Jurisdictional High Court in the case of Ambey Developer Pvt. Ltd. [2017 (12) TMI 1008 - PUNJAB AND HARYANA HIGH COURT] has categorically held that the assessee having demonstrated completion of the project and having applied for completion certificate well within stipulated date, it shall be entitled to claim deduction u/s 80IB(10) and as per the facts in the present case the assessee had demonstrated completion of the project in the year 2009 and had also shown to have applied for completion certificate in 2009 itself while it was required to obtain the certificate by 31.3.2011, it can be safely said that the assessee had applied with the conditions of having obtained completion certificate within five years from the date of approval of the project and hence was entitled to claim deduction of profits u/s 80IB(10) of the Act. - decided in favour of assessee. Expenditure claimed under Travelling Expenses - Held that:- Issue has neither been considered nor argued with reference to the relevant facts. In the interests of justice, parties are directed to refer to specific visits specifying the persons travelling and the countries travelled to as mere filing of bills raised by travel agent cannot be said to be sufficient compliance. The issue is restored to the AO to decide the same on the basis of facts and evidences. The expenses of children or personal expenses, it goes without saying, have to be disallowed. The assessee in its own interest is directed to place full facts and evidences on record. The documents filed admittedly are not sufficient and complete - set aside the issue back to the file of the AO directing the assessee to place supporting facts and evidences as relying upon generalized arguments would be of no help. The ground No. 3 allowed for statistical purposes
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