2018 (3) TMI 590

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....260A of the Income Tax Act, 1961 (the Act), challenges the order dated 5th January, 2015 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 5th January, 2015 is in respect of Assessment Year 2010-11. 2 Revenue urges only the following questions of law, for our consideration: "(a) Whether in law and on the facts of the instant case, was the Tribunal justified in ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hat appeal was less than the threshold limit of Rs. 20 lakhs provided in the CBDT Circular No.21 of 2015 dated 10th December, 2015, the appeal was withdrawn by the Revenue. 5. In this appeal, the tax effect is Rs. 44.04 lakhs and, therefore, in excess of the threshold limit of Rs. 20 lakhs as provided in the CBDT Circular No.21 of 2015. Thus, pressed by the Appellant-Revenue. 6. The Respondent i....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....O No.3661/Mum/2011) dated 14th March, 2012 - wherein the Tribunal had taken a view that prior to 31st March, 2005, there was no requirement of obtaining any completion certificate. Thus deduction under Section 80IB(10) of the Act could not be denied for failure to obtain completion certificate on or before 31st March, 2005. 9. Mr. Pinto, the learned Counsel for the Revenue fairly points out that ....