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2016 (10) TMI 633 - HC - Income TaxClaim of deduction u/s 80IB(10) - housing property - Revenue contended that the project which was approved in 2003 was the same as was approved in 19th January, 2005. Therefore, the CIT(A) as well as the Tribunal were not correct in holding that the two projects were different and that the approval obtained on 19th January, 2005 was the approval obtained on a project different from that obtained on 2nd November, 2003 Held that:- We find that this Court in Commissioner of Income Tax Vs. Vandana Properties [2012 (4) TMI 54 - BOMBAY HIGH COURT ] has specifically held that the Explanation to Section 80IB(10)(a) of the Act refers to approval granted to the same housing project more than once and the said Explanation would not apply where the approval is granted to different housing projects. In view of the concurrent finding of fact by two Authorities, which is not shown to be perverse and the application of law as settled by this Court on those facts, the question of law as framed does not give rise to any substantial question of law. Thus, not entertained.
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