2017 (8) TMI 1406 - HC - Income Tax

Deduction u/s.80IB (10) - Interpretation of section 80-IB(10)(d) - project approved by the Pune Municipal Corporation which is the local authority - Effect of amendment w.e.f. 01.04.2005 - Whether section 80-IB(10)(d) which was brought into force w.e.f. 1st April, 2005 would apply to projects that were approved by the local authority prior to it being brought on the statute book Held that - Substantial question of law, has been already dealt with and answered by this Court in the following judgments - Commissioner of IncomeTax vs Brahma Associates 2011 (2) TMI 373 - BOMBAY HIGH COURT , Commissioner of IncomeTax vs Happy Home Enterprises 2014 (9) TMI 707 - BOMBAY HIGH COURT and Commissioner of Income Tax, CentralII vs M/s. Kanakia Construction Private Limited 2011 (2) TMI 1547 - BOMBAY HIGH COURT

Summary

The Bombay High Court dismissed Revenue's Appeals challenging the order passed by the Income Tax Appellate Tribunal for the respective assessment years, citing previous judgments that had already addressed the issue. The Appeals did not raise any substantial question of law.