2019 (1) TMI 465

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....evenue : Shri Ved Prakash Mishra, Sr. DR ORDER PER PRASHANT MAHARISHI, A. M. 1. This appeal is filed by The Assistant Commissioner of Income Tax, Circle - 22 (2), New Delhi (the learned AO) against the order of the Principal Commissioner of Income Tax (OSD) (Appeals) - 8, New Delhi dated 8/6/2016 for assessment year 2012 - 13, raising the solitary ground of appeal as under :- "1.....

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....allowed the entire deduction of INR 19887408/- under section 80 IB (10) of the act and determined the total income of the assessee at INR 31889808/- by making an order u/s 143 (3) of the act on 31/3/2014. 3. The assessee aggrieved with the order of the learned assessing officer preferred an appeal before The Principal Commissioner Of Income Tax (Appeals) who vide order dated 8/6/2016 allowed th....

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....y the decision of the Hon"ble Delhi High Court in assessee"s own case for assessment year 2009 - 10. 6. We have carefully considered the rival contentions and perused the orders of the lower authorities. The assessee has constructed two housing projects which are eligible for deduction u/s 80 IB of the income tax act. In the "Impression Vasundhara" project there were 122 residential unit out of....