Friday, July 24, 2020

HC dismissed appeal as ITAT’s finding that building was completed within required time u/s 80-IB was finding of fact

INCOME TAX : Where Tribunal allowed claim of assessee under section 80-IB(10) finding that building in question was completed within stipulated time, said finding being a finding of fact and revenue not having questioned that this finding was incorrect and had also not questioned veracity of completion/occupation certificate produced before Tribunal, appeal against order of Tribunal would not be maintainable

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194284/hc-dismissed-appeal-as-itat’s-finding-that-building-was-completed-within-required-time-us-80-ib-was-finding-of-fact.aspx

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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...