The Tax Publishers2020 TaxPub(DT) 0555 (Bom-HC)

INCOME TAX ACT, 1961

Section 80-IB(10)

Parties brought to notice of Court an order ([Income Tax Appeal No. 793 of 2016, dt. 10-12-2018]) in which these very questions in relation to this assessee came up for consideration. The Court by speaking order dismissed the Revenue's appeal. Hence, without recording separate reasons, the appeal was also dismissed.

Deduction under section 80-IB(10) - Allowability - Allegation that assessee had not completed project due to failure attributable to assessee itself within stipulated time prescribed under section 80-IB(10) -

Issue arose under consideration as to whether Tribunal erred in allowing deduction under section 80-IB(10) ignoring the fact that assessee had not completed the project due to failure attributable to assessee itself within stipulated time prescribed under section 80-IB(10). Held: Parties brought to notice of Court an order ([Income Tax Appeal No. 793 of 2016, dt. 10-12-2018]) in which these very questions in relation to this assessee came up for consideration. The Court by speaking order dismissed the Revenue's appeal. Hence, without recording separate reasons, the appeal was also dismissed.

REFERRED : Principal CIT v. Kewal Real Estate (P.) Ltd. [Income Tax Appeal No. 793 of 2016, dt. 10-12-2018]

FAVOUR : In assessee's favour

A.Y. :



IN THE BOMBAY HIGH COURT

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