AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2016 (10) TMI 633
X X X X Extracts X X X X
X X X X Extracts X X X X
....1. This Appeal under Section 260A of the Income Tax Act, 1961 (the Act) challenges the order dated 25th June, 2013 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order is in respect of Assessment Year 200708. 2. Mr. Bajpayee, learned Counsel for the Revenue only urges the following questions of law for our consideration : (i) Whether on the facts and in the ci....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rmine the date on which the housing project of the assessee has been approved by the local Authority in terms of clause (a) to Section 80IB(10) of the Act. This for the purposes of deciding the date of completion of the construction so as to obtain the benefit of Section 80IB(10) of the Act. The grievance of the Revenue is that the project was approved on 2nd November, 2003 which according to the ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d by the previous owner and the amalgamated plot of an area of 7826.89 sq.meter on 1st October, 2004 was sold to the assessee. The impugned order records the fact that prior to the sale of the plot to the respondent assessee, the previous owner had not carried out any development work in respect of the plan sanctioned in the year 2003. In the above view, the Tribunal records the fact that the appr....