https://www.taxtmi.com/caselaws?id=250443 The court dismissed the petitions challenging notices under Section 148 of the Income Tax Act for reopening assessments for multiple years due to incomplete housing project completion. The court held that the validity of completion certificates and interpretation of local authority certificates were matters for assessing authorities. It emphasized that Section 80IB(10) did not conclusively specify the authority of the Gram Vikas Adhikari's certificate. The court stated that issues could be addressed in reassessment proceedings, clarifying that its decision did not impact the Assessing Officer's application of the law. The petitions were dismissed without costs. en-us Tue, 22 Jul 2014 00:00:00 +0530 Wed, 13 Aug 2014 08:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250443 The court dismissed the petitions challenging notices under Section 148 of the Income Tax Act for reopening assessments for multiple years due to incomplete housing project completion. The court held that the validity of completion certificates and interpretation of local authority certificates were matters for assessing authorities. It emphasized that Section 80IB(10) did not conclusively specify the authority of the Gram Vikas Adhikari's certificate. The court stated that issues could be addressed in reassessment proceedings, clarifying that its decision did not impact the Assessing Officer's application of the law. The petitions were dismissed without costs. Case-Laws Income Tax Tue, 22 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250443