TaxTMI 
TaxTMI 
2014 (12) TMI 1320
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....r the Respondent ORDER P. C. By this Appeal, the Revenue challenges the order passed by the Income Tax Appellate Tribunal on 12th August, 2011 in the Appeal by the Assessee. 2] The Assessee filed an Appeal in the Tribunal challenging the order of the Commissioner of Income Tax (Appeals). The Appeal of the Assessee was numbered by the Tribunal's Mumbai Bench and taken up together wit....
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....t the Assessee had received a certificate styled as commencement certificate/Intimation Of Disapproval (IOD) for the first time and on such IOD being received for all practical purposes, the Assessee is free to commence the project. In these circumstances, that should be taken as a date when the construction commenced. It is submitted that the Tribunal erred in rendering the finding against the Re....
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....rt within the term stipulated in these certificates and by law. Thereafter, there was a commencement certificate issued on 2nd March, 2001. This refers to the earlier commencement certificate of 12th February, 1993 and its cancellation. Clause 22 of that certificate dated 2nd March, 2001 was relied upon to support this argument. Further, there was a clearance and which was awaited in terms of sect....