2019 (3) TMI 1680 - HC - Income Tax

Eligibility of deduction u/s 80IB(10) - ITAT allowed the claim - as per revenue assessee has not completed the project due to failure attributable to assessee itself within stipulated time prescribed u/s. 80IB(10) - HELD THAT - Parties brought to our notice an order 2018 (12) TMI 1719 - BOMBAY HIGH COURT in which these very questions in relation to this assessee came up for consideration. The Court by speaking order dismissed the Revenue's appeal. Hence, without recording separate reasons, this appeal is also dismissed.

Summary

The High Court of Bombay dismissed the Revenue's appeal against the judgment of the Income Tax Appellate Tribunal regarding the eligibility of the assessee to claim deduction under Section 80IB(10) of the Income Tax Act, 1961. The Court referred to a previous order where similar questions were considered and the Revenue's appeal was dismissed, leading to the dismissal of the current appeal without separate reasons.