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2019 (3) TMI 898 - HC - Income TaxDeduction u/s 80-IB(10)- completion certificate was issued by Kolkata Municipal Corporation on 12th May, 2007 - Assessee claimed deduction in AY 2007-2008 - Department contention that deduction allowable in FY 2007-2008 - C.B.D.T. circular - instruction no.4 – 2009 dated 30th June, 2009 - The deduction can be claimed on a year to year basis where the assessee is showing profit from partial completion of the project in every year - assessee wanted the benefit only once. So, it could be given to him in any one of the four years in which the construction was under way till the year of obtaining the completion certificate - HELD THAT:- So, if it has been given in one of those years, no loss or prejudice has been caused to the revenue. We are least minded to entertain appeals which have theoretical significance and no practical significance -decided in favour of the assessee.
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