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| The Tax Publishers2019 TaxPub(DT) 7507 (SC) : (2020) 270 TAXMAN 0175 INCOME TAX ACT, 1961
Section 261 Section 80-IB(10)
Where the departemnt preferred SLP to appeal against the judgment of Bombay High Court in Pr. CIT v. Kewal Real Estate (P) Ltd. [ITA No. 793 of 2016, dt. 10-12-2018] : 2020 TaxPub(DT) 318 (Bom-HC), whereby the High Court held that the CIT(A) and the Tribunal accepted two different dates of completion taking into account the respective dates of approval of the housing project. The entire issue was one of the facts, thus, the deduction under section 80-IB(10) was rightly allowed, the Supreme Court dismissed the SLP.
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Appeal (Supreme Court) - Special leave petition - Deduction under section 80-IB(10) - Income from developing and building housing project--Completion of project within time
Department preferred SLP to appeal agianst the judgment of Bombay High Court in Pr. CIT v. Kewal Real Estate (P) Ltd. [ITA No. 793 of 2016, dt. 10-12-2018] : 2020 TaxPub(DT) 318 (Bom-HC), whereby the High Court held that the CIT(A) and the Tribunal accepted two different dates of completion taking into account the respective dates of approval of the housing project. The entire issue was one of the facts. Thus, the deduction under section 80-IB(10) was rightly allowed.Held: The Supreme Court dismissed the SLP.
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