TMI Blog2019 (4) TMI 1387X X X X Extracts X X X X X X X X Extracts X X X X ..... Commissioner [Appeals] in his judgment has specifically observed that the project of the assessee is approved as slum rehabilitation project by slum rehabilitation authority of the State and the same has also been notified. The assessee has submitted the project and the plan dated 28/04/2004 and the same was approved by the Rehabilitation Authority on 04/06/2004, the same is filed on record. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... section 80IB (10) of the Income Tax Act of ₹ 1,03,79,815/ in respect of profit derived from development of residential building by holding that assessee is covered by proviso to clause (a) and (b) of section 80 IB (10) without appreciating the fact that the project was approved by the Slum Rehabilitation Authority on 7.10.2002 which did not fall within the period of approval as per Notific ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the board under Section 119 of the Act. 3. Learned counsel for the respondent supports the order. 4. The Commissioner [Appeals] in his judgment has specifically observed that the project of the assessee is approved as slum rehabilitation project by slum rehabilitation authority of the State and the same has also been notified. The assessee has submitted the proje ..... X X X X Extracts X X X X X X X X Extracts X X X X
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