Tribunal allows additional evidence for deduction claim under section 80IB(10)

The Tribunal set aside the order denying the deduction under section 80IB(10) for a residential project due to non-completion. Additional evidence, including a completion certificate, was admitted for re-adjudication by the Assessing Officer. The issue was remitted back for fresh assessment, with directions to provide a reasonable opportunity for the assessee to be heard. No specific analysis or decision was provided on the charging of interest under section 234B. The Tribunal allowed the admission of additional evidence crucial to the deduction claim and pronounced the appeal as allowed on a statistical basis.

---

---

Issues involved:
- Rejection of claim of deduction u/s.80IB(10)
- Charging of interest u/s.234B
- Admission of additional evidences

Rejection of claim of deduction u/s.80IB(10):
The appeal was filed against the order of CIT(A)-12, Pune, regarding the Assessment Year 2011-12. The assessee, a partnership firm engaged in construction, claimed a deduction of Rs. 9,74,91,682/- u/s.80IB(10) for a residential project named "Kasliwal Marvel." The AO denied the claim due to non-completion of the project, a decision upheld by the CIT(A). The assessee submitted additional evidence, including a completion certificate issued by the Aurangabad Municipal Corporation, to support their claim. The Tribunal found the additional evidence significant and relevant, admitting it for re-adjudication by the AO. The impugned order was set aside, and the issue was remitted back to the AO for fresh assessment, with directions to provide a reasonable opportunity of being heard to the assessee.

Charging of interest u/s.234B:
One of the grounds raised in the appeal was the charging of interest u/s.234B. However, the Tribunal did not provide a specific analysis or decision on this issue in the judgment. Hence, no detailed analysis or outcome is provided regarding the charging of interest u/s.234B in this judgment.

Admission of additional evidences:
The assessee submitted additional evidence, including the reinstated completion certificate and other related documents, during the proceedings before the Tribunal. The Tribunal, after considering objections raised by the Revenue, found the additional evidence relevant and crucial to the claim of deduction u/s.80IB(10). The Tribunal ordered the Revenue authorities to admit the additional evidence and re-adjudicate the issue of the claim of deduction u/s.80IB(10). The Tribunal allowed the grounds raised by the assessee for statistical purposes and pronounced the appeal as allowed on a statistical basis on April 16, 2019.

---