https://www.taxtmi.com/caselaws?id=191336 For deduction under section 80IB(10), a village Gram Panchayat acting under the applicable local law can qualify as the competent local authority to sanction a housing project and issue approval and completion-related certificates. The project was accepted on that basis because the Bombay Village Panchayat Act, 1958 conferred building-control powers within its jurisdiction. The statutory minimum land-area condition was also met, as the assessee produced sanctioned plans and layout material showing that the project, taken as a whole, exceeded one acre; that factual finding was not rebutted by contrary evidence. On these facts, the deduction conditions were treated as satisfied and the Revenue's challenge failed. en-us Tue, 24 Nov 2015 00:00:00 +0530 Fri, 31 Mar 2017 05:35:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191336 For deduction under section 80IB(10), a village Gram Panchayat acting under the applicable local law can qualify as the competent local authority to sanction a housing project and issue approval and completion-related certificates. The project was accepted on that basis because the Bombay Village Panchayat Act, 1958 conferred building-control powers within its jurisdiction. The statutory minimum land-area condition was also met, as the assessee produced sanctioned plans and layout material showing that the project, taken as a whole, exceeded one acre; that factual finding was not rebutted by contrary evidence. On these facts, the deduction conditions were treated as satisfied and the Revenue's challenge failed. Case-Laws Income Tax Tue, 24 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191336