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2021 (1) TMI 1047 - HC - Income TaxProportionate deduction u/s 80IB(10) - Deduction to the extent of profits attributable to the units where the built up area is below 1500 Sq. Ft. - Whether Tribunal erred in holding that the project completion method is a recognized method of accounting without properly examining as to whether the assessee is entitled to project completion method in the absence of assessee placing regular books of accounts ? - HELD THAT:- As decided in own case [2021 (1) TMI 789 - KARNATAKA HIGH COURT] on close scrutiny of the judgment rendered by this Court in BRIGADE ENTERPRISES LTD.[2020 (9) TMI 1137 - KARNATAKA HIGH COURT] it is evident that the first substantial question of law involved in this appeal is no longer res integra. Therefore, the first substantial question of law is answered against the revenue and in favour of the assessee.
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