2019 (4) TMI 224 - SCH - Income Tax

Deduction u/s 80IB(10) - assessee is engaged in the business of housing development - AO disallowed the claim mainly on the ground that the assessee was not the owner of the land and the approval of the project was not in the name of the assessee - HC held that merely because the land was held by the original owner when the housing development project was executed, would not be detrimental to the assessee s claim of deduction under section 80IB(10) - HELD THAT - SLP dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition after condoning the delay. The pending application was disposed of. (Case citation: 2019 (4) TMI 224 - SC)