2013 (2) TMI 714

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....de for the respondent. P.C. :- 1. Subject to the removal of office objections, the appeal by the revenue is being heard. 2. In this appeal, the revenue has raised the following questions of law for our consideration:- (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was correct in holding that construction of buildings G, H & I on vacant land of Maestroi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... in holding that although commencement certificate was originally granted by local authority to M/s. Kolte Patil Developers Ltd. (KPDL) on 20/8/1998 but merely obtaining commencement certificate does not amount to commencement of development and construction for the purposes of section 80IB(10)(a) and that as development rights had since been transferred to the assessee and the assessee reapplied ....