Builders Entitled to Tax Break if Timely Applied for Occupancy Permit.

Builders Entitled to Tax Break if Timely Applied for Occupancy Permit. https://www.taxtmi.com/highlights?id=84339 ITAT remanded matter to AO to verify if assessee applied for completion/occupancy certificate before specified date of 31.03.2013 and if there was any lapse by assessee in fulfilling conditions for making application. AO directed to decide pro-rata deduction u/s 80IB(10) and violation of 80IB(10)(e) afresh after examining evidence. Assessee's ground allowed for statistical purposes. en-us Fri, 27 Dec 2024 09:00:37 +0530 Fri, 27 Dec 2024 09:00:37 +0530 TaxTMI RSS Generator Builders Entitled to Tax Break if Timely Applied for Occupancy Permit. https://www.taxtmi.com/highlights?id=84339 ITAT remanded matter to AO to verify if assessee applied for completion/occupancy certificate before specified date of 31.03.2013 and if there was any lapse by assessee in fulfilling conditions for making application. AO directed to decide pro-rata deduction u/s 80IB(10) and violation of 80IB(10)(e) afresh after examining evidence. Assessee's ground allowed for statistical purposes. Highlights Income Tax Fri, 27 Dec 2024 09:00:37 +0530 https://www.taxtmi.com/highlights?id=84339