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2014 (8) TMI 393 - BOMBAY HIGH COURTDeduction u/s 80IB(10) – Project not completed within stipulated time - Held that:- Assessee have not completed the project within stipulated time i.e. on or before 31 March 2010 and therefore, they are unable to qualify for deduction u/s 80IB (10) of the Act - the issue of certificate is of the local authority and conclusion is a matter of interpretation of Section 80IB of the Act - Section 80IB (10) of the Act does not state that the Certificate of the Gram Vikas Adhikari i.e. local authority is conclusive in nature – Decided against Assessee.
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