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2017 (6) TMI 953 - AT - Income TaxDisallowance of deduction u/s 80IB(10)- period of completion of project - Held that:- The project was completed within the stipulated period, applied within time by the assessee and if there is a delay in issuing the same by the competent authority, the assessee cannot be penalyzed. Even in the assessment order/impugned order, there is no mention that the project was not completed. The assessee cannot be expected to fulfil the conditions which are beyond his control. The assessee applied for completion certificate on 03/10/2007, addressed to the Executive Engineer (CIDCO) (VVSR) for the concerned project, it can be inferred that the assessee completed the project within time, against the sanction plan, therefore, we direct the Assessing Officer to grant the claimed deduction to the assessee. - Decided in favour of assessee.
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