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2016 (5) TMI 1224 - MADHYA PRADESH HIGH COURT

2016 (5) TMI 1224 - MADHYA PRADESH HIGH COURT - TMI - Interpretation of Section 80IB (10) as amended - Held that:- No warrant review of the judgment under consideration on that count, as the interpretation given to the provisions contained in Section 80IB (10) as amended by the Finance (No.2) Act, 2004 which came into force w.e.f. 1.4.2005, would still apply in all cases heard and disposed of together. - R. P. Nos. 736/2015, 746/2015, 856/2015, 737/2015, 738/2015 and 745/2015 - Dated:- 5-1-2016 .....

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delay is ranging between 14 days to 52 days. In the interest of justice, delay applications are allowed in the respective cases. By consent, review petitions are taken up for hearing forthwith. The leading judgment rendered in companion cases has essentially dealt with the purport of Section 80IB (10) and in particular, condition specified in Clause (a) regarding computation of date of completion of construction of housing project for extending the benefit provided under the said provision to th .....

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urt in the main appeals was concerned with the interpretation of Section 80IB (10) as amended. The provisions of Municipal Corporation Act will and can have no bearing on the interpretation of the amended provisions of the Income Tax Act which were under consideration. In other words, the purport of Section 300 of the Municipal Corporation Act cannot control the sweep of the express provision contained in the Finance (No.2) Act, 2004 which came into force with effect from 1.4.2005. The interpret .....

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