https://www.taxtmi.com/caselaws?id=340826 The Income Tax Appellate Tribunal (ITAT) allowed the appeal, directing the Assessing Officer (AO) to re-examine the project completion based on evidence from the Gram Panchayat and consider a proportionate relief approach for units violating Section 80IB(10)(f). The ITAT emphasized that the lack of a completion certificate did not warrant adverse inference, citing jurisdictional High Court decisions in favor of the appellant. The AO was instructed to assess and potentially disallow the exemption only for units breaching the relevant provisions. en-us Wed, 18 Jan 2017 00:00:00 +0530 Fri, 15 Jun 2018 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340826 The Income Tax Appellate Tribunal (ITAT) allowed the appeal, directing the Assessing Officer (AO) to re-examine the project completion based on evidence from the Gram Panchayat and consider a proportionate relief approach for units violating Section 80IB(10)(f). The ITAT emphasized that the lack of a completion certificate did not warrant adverse inference, citing jurisdictional High Court decisions in favor of the appellant. The AO was instructed to assess and potentially disallow the exemption only for units breaching the relevant provisions. Case-Laws Income Tax Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340826