2011 (2) TMI 1236

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....Petitioner has sought for to quash the impugned order dated 30.3.2010 at annexure 'A' passed by the respondent under Section 264 of the Income Tax Act by issuing writ of certiorari and to issue writ of mandamus directing the respondent to reinstate the project completion method in computing the income of the petitioner and to allow deduction under Section 80-IB(10) of the Act and to set aside the ....

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.... 2006-2007 and 2007-2008 respectively. Being aggrieved, petitioner has sought for revision of the Assessment Orders of both the assessment years before the respondent-Commissioner of Income Tax, wherein a composite order has been passed by the Revisional authority acting under Section 264 of the Income Tax Act for the two assessment years on 30.3.2010 declining to interfere with the orders passed ....

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....l Authority namely, the Commissioner of Income Tax have taken into consideration the tax holidays and the exemption granted as per Section 80IB(10) of the Income Tax Act and according to him, the registration that is made after completion ought to have been taken into consideration apart from the exemption that is available to the petitioner in so far as the plots/residential building which are co....