Deduction under Section 80IB(10) governed by binding precedent; Revenue's completion certificate challenge failed.

Entitlement to deduction under Section 80IB(10) was treated as settled by binding precedent, so the Revenue's objections based on the completion certificate and alleged violation of Section 310 of the Karnataka Municipal Corporation Act did not survive for separate consideration. The court applied earlier decisions that had already resolved the issue in favour of the assessee and held that the repeated challenge could not succeed on the same legal point. The appeal was dismissed on the merits of the questions raised.

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Issues: Whether the assessee was entitled to deduction under Section 80IB(10) of the Income-tax Act, 1961 despite the objection relating to the completion certificate and the alleged violation of Section 310 of the Karnataka Municipal Corporation Act.

Analysis: The appeal was filed under Section 260-A of the Income-tax Act, 1961 on substantial questions of law concerning the grant of deduction under Section 80IB(10). The conclusion was governed by earlier decisions which had already settled the issue in favour of the assessee. In view of those authorities, the questions raised in the appeal no longer survived for separate consideration against the assessee.

Conclusion: The issue was answered in favour of the assessee and against the Revenue.

Final Conclusion: The appeal failed on the merits of the legal questions raised and was dismissed.

Ratio Decidendi: Where the entitlement to deduction under Section 80IB(10) stands concluded by binding precedent, the Revenue cannot succeed on a repeated challenge based on the timing or nature of the completion certificate.

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