Wednesday, March 4, 2020

Date of approval for entire housing project is seen for deduction u/s 80-IB and not date of approval for office

INCOME TAX : Where assessee floated a housing project and obtained approval from local authority on 16-3-2005 only for construction of office building for such project and approval for construction of housing project was obtained from concerned authority on 6-2-2008 and building use permissions/completion certificate was issued on 31-3-2012, since assessee completed project within four years from date of obtaining permission for construction of housing project i.e. 6-2-2008, it was eligible for

from www.taxmann.com Latest Case Laws https://ift.tt/2vuA89s

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...