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2021 (7) TMI 904 - AT - Income TaxDeduction u/s. 80IB (10) - AO was of the opinion that four years have since lapsed and the assessee needs to complete the project within 5 years the AO accordingly formed a belief that the claim of the deduction of the assessee expires and hence not eligible for the claim of deduction u/s. 80IB (10) - HELD THAT:- There is no dispute that the assessee has been offering income on project completion method. We find that the CIT(A) while allowing the appeal has given a liberty to the AO to determine the correct profit under the percentage completion method and further given the liberty to withdraw the relief if subsequently the AO finds that the assessee has not complied with any of the requirements of section 80IB (10) of the Act. We do not find any error or infirmity in such finding of the CIT(A) which calls for no interference. - Decided against revenue.
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