TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Appeal Dismissed on Section 80IB(10) Deduction Challenge</h1> <h3>Commissioner of Income Tax 25 Versus Sai Krupa Developers</h3> The High Court of Bombay dismissed the appeal challenging the Tribunal's order on deduction under section 80IB(10) of the Income Tax Act, citing lack of ... Deduction under section 80IB(10) - Effect of amendment w.e.f. 01.04.2005 - Retrospectivity - Held that:- Clause (d) being inextricably linked to the date of approval of the housing project, it will have to be held that the clause operates only prospectively i.e. for housing projects approved after 1st April, 2005 - section 80-IB(10)(d) is prospective in nature and can have no application to a housing project that is approved before 31st March, 2005 - clause (d) of section 80-IB(10) is inextricably linked to the date of the approval of the housing project and the subsequent development/construction of the same, and has nothing to do with the profits derived therefrom - See Commissioner of Income Tax V/s. M/s. Brahma Associates (2011 (2) TMI 373 - BOMBAY HIGH COURT) and The Commissioner of Income Tax16 V/s. M/s. Happy Home Enterprises and M/s. Kanakia Spaces Pvt. Ltd. [2014 (9) TMI 707 - BOMBAY HIGH COURT ] – Decided against revenue. The High Court of Bombay dismissed the appeal challenging the Tribunal's order regarding deduction under section 80IB(10) of the Income Tax Act. The court referenced previous judgments and concluded that no substantial question of law was raised. The appeal was dismissed with no costs.
TaxTMI 
TaxTMI 
