https://www.taxtmi.com/caselaws?id=373919 The High Court upheld the Tribunal's decision in favor of the Respondent, a builder/developer, regarding the deduction claimed under Section 80IB(10) of the Income Tax Act for Assessment Year 2006-07. The Court emphasized that completion within the stipulated timeframe and timely submission of the completion certificate application absolved the Respondent from penalty despite delays by competent authorities. Relying on precedent, the Court dismissed the Revenue's appeal, stating that the issue was settled law and did not raise any substantial legal question, resulting in the appeal being dismissed without costs. en-us Wed, 16 Jan 2019 00:00:00 +0530 Tue, 22 Jan 2019 08:13:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373919 The High Court upheld the Tribunal's decision in favor of the Respondent, a builder/developer, regarding the deduction claimed under Section 80IB(10) of the Income Tax Act for Assessment Year 2006-07. The Court emphasized that completion within the stipulated timeframe and timely submission of the completion certificate application absolved the Respondent from penalty despite delays by competent authorities. Relying on precedent, the Court dismissed the Revenue's appeal, stating that the issue was settled law and did not raise any substantial legal question, resulting in the appeal being dismissed without costs. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373919