https://www.taxtmi.com/caselaws?id=340311 For deduction under section 80IB(10), the five-year completion period is counted from the end of the financial year in which the housing project is approved by the local authority. Development permission granted subject to conditions, which did not authorise commencement of construction, was not treated as the relevant approval. The commencement certificate issued after compliance with the required conditions was the operative approval date because only then could construction lawfully begin. On that basis, the project was completed within the prescribed time and the deduction was allowable. en-us Mon, 06 Feb 2017 00:00:00 +0530 Mon, 20 Mar 2017 10:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340311 For deduction under section 80IB(10), the five-year completion period is counted from the end of the financial year in which the housing project is approved by the local authority. Development permission granted subject to conditions, which did not authorise commencement of construction, was not treated as the relevant approval. The commencement certificate issued after compliance with the required conditions was the operative approval date because only then could construction lawfully begin. On that basis, the project was completed within the prescribed time and the deduction was allowable. Case-Laws Income Tax Mon, 06 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340311