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Issues involved: Appeal against order of Ld. Commissioner of Income- (Appeals)-Gandhinagar u/s 80IB(10) and section 40A(3) of the Income-tax Act, 1961.
Claim u/s 80IB(10): The assessee's claim of Rs. 12,71,980 u/s 80IB(10) was rejected by the Assessing Officer due to lack of details regarding commencement of work and measurement of plot. Ld. CIT(Appeals) upheld the rejection stating that details about construction and area were missing. Arguments for u/s 80IB(10): Assessee contended that construction work as per approved plan had commenced in Dec'01 and was completed in 2007, fulfilling all conditions of Section 80IB(10). Previous year's deduction was allowed, and reliance was placed on a relevant ITAT Ahmedabad Benches decision. Decision on u/s 80IB(10): Tribunal found ambiguity in whether the claim for A.Y 2004-05 was for the same project. The matter was remanded to the Assessing Officer for fresh adjudication to allow the assessee to substantiate the claim. Addition u/s 40A(3): An addition of Rs. 80,000 u/s 40A(3) was made for cash payment of Rs. 4 crore to purchase land, which was disallowed by the Assessing Officer and upheld by Ld. CIT(Appeals). Arguments for u/s 40A(3): Assessee claimed cash payments were made as per farmers' insistence due to lack of bank accounts. However, no evidence was provided. The issue was remanded to the AO for further adjudication with the opportunity for the assessee to submit supporting evidence. Conclusion: The appeal was allowed for statistical purposes, and the matter was remanded back to the Assessing Officer for fresh adjudication on both u/s 80IB(10) and section 40A(3) claims. Separate Judgement: None.
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