https://www.taxtmi.com/caselaws?id=421079 Deduction under section 80IB(10) was upheld where the housing project was completed within the prescribed period and the assessee had applied in time for Building Use permission; delayed issuance of permission for some units, caused by factors beyond the assessee's control, was not treated as fatal. Deduction was also protected where the return was filed within the extended due date applicable because a transfer pricing report in Form 3CEB was required under section 92E, so it could not be characterised as belated under section 139(1) for denial of relief. The revenue's challenge failed on both grounds. en-us Mon, 04 Apr 2022 00:00:00 +0530 Fri, 13 Dec 2024 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421079 Deduction under section 80IB(10) was upheld where the housing project was completed within the prescribed period and the assessee had applied in time for Building Use permission; delayed issuance of permission for some units, caused by factors beyond the assessee's control, was not treated as fatal. Deduction was also protected where the return was filed within the extended due date applicable because a transfer pricing report in Form 3CEB was required under section 92E, so it could not be characterised as belated under section 139(1) for denial of relief. The revenue's challenge failed on both grounds. Case-Laws Income Tax Mon, 04 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421079