https://www.taxtmi.com/caselaws?id=398492 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow the deduction under section 80-IB(10) of the Income Tax Act for the assessee's housing project. It concluded that substantial compliance with section 80-IB(10), supported by adequate evidence such as architect's certificates and sale deeds, sufficed for claiming the deduction. The Tribunal determined that the delay in issuing the completion certificate by the local authority did not invalidate the deduction claim, as the project was completed within the stipulated period. The appeal was dismissed on 9th September 2020. en-us Wed, 09 Sep 2020 00:00:00 +0530 Fri, 08 Nov 2024 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398492 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow the deduction under section 80-IB(10) of the Income Tax Act for the assessee's housing project. It concluded that substantial compliance with section 80-IB(10), supported by adequate evidence such as architect's certificates and sale deeds, sufficed for claiming the deduction. The Tribunal determined that the delay in issuing the completion certificate by the local authority did not invalidate the deduction claim, as the project was completed within the stipulated period. The appeal was dismissed on 9th September 2020. Case-Laws Income Tax Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398492