2020 (9) TMI 195

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....SH, A.M.: This appeal filed by the revenue is directed against the order of CIT(A) - 9, dated 31/01/2018, Hyderabad for AY 2015-16. 2. Brief facts are that the assessee is a Partnership Firm engaged in real estate business. For the year 2015-16 assessee filed its return of income admitting income of Rs. Nil after claiming deduction u/s 80IB(10) of the IT Act, 1961 of Rs. 3,64,90,555/-. In the sc....

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....evenue is in appeal before the Tribunal by raising the following grounds of appeal: 1. The learned C!T(A) has erred both in law and on facts of the case. 2. The learned C!T(A) should have appreciated the fact that the date of first approval i.e., 07-05-2001 should be taken as the date of approval of local authority and because it is prior to 01-04-2004, the construction should have been comple....