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2020 (4) TMI 647 - AT - Income TaxAddition u/s 80IB(10) - CIT(A) deleting the addition holding that the housing project of the assessee was approved by the Collector Pune not as local authority defined u/s. 3(31) o the General Clauses Act?”- HELD THAT:- Relevant Gat Numbers falls in an area controlled under Maharashtra Land Revenue Code and Maharashtra Regional & Town Planning Act (MRTP), 1966. The Collector has given approval of the permission to convert the land to non-agricultural purpose. He also issued the permission to construct of residential houses and the said property located at above cited Gat Numbers. While granting the permission, the Collector mentioned the terms and conditions in his permission letter from 1 to 33 where the conditions specify the manner of construction of the building, post-construction of the building, obtaining of the completion certificate etc. Considering the above finding of the CIT(A) on the issue of allowing of deduction u/s 80IB(10) we are of the opinion that the order of the CIT(A) is fair and reasonable and it does not call for any interference. Thus, the ground raised by the Revenue is dismissed.
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