2019 (12) TMI 87 - SCH - Income Tax

Reopening of assessment u/s 147 - admissibility of deduction u/s 80IB(10) in respect of Tans Residency Project - AO had rejected the claim inter alia on the ground that the development and construction of housing project had commenced prior to 01.10.1998 (which was the crucial date for claiming the benefits u/s 80IB(10)) - HELD THAT - Special Leave Petition is dismissed on the ground of low tax effect.