Case law Section 80IB(10)

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..... Case law Section 80IB(10)
Query (Issue) Started By: - Anand S Barpute Dated:- 23-8-2008 Last Reply Date:- 9-10-2008 Income Tax
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Income Tax
Dear Sir I want your guidance Regardi .....

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..... ng section 80IB(10) of Income Tax. My client is doing the project under it in Latur where the norm for build up area is 1500 sq feet per banglow . He is building banglow of 1500 sq feet on plot of 150 .....

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..... 0sq feet each in more than 1 acre land. ( Muncipal permission taken for such 100 banglows ) He has given a 2 plots of 1500 sq feet totalling to 3000 sq feet to one customer with construction up to onl .....

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..... y 1500 sq feet in one plot & anotherplot left vacant on the demand of customer. The said customer has made green garden on the adjusant plot of 1500 sq feet Assessing officer deny benefit u/s section .....

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..... 80IB(10) to the builder on the ground of non adherence to muncipal plan ( muncipal permission taken for 100 banglows and build only 99, one plot left vacant) How to defend Is thare any case laws on se .....

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..... ction 80IB(10) of IT Act ? Please guide us Thanks & Regards Anand S Barpute Reply By Surender Gupta: The Reply: I believe that the sole ground of the AO that municipal plan taken for 100 bang low an .....

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..... d build only 99 is not tenable under the the provision of the Income Tax. If other conditions are satisfied and finally municipal coporation gives completion certificate after considering the modified .....

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..... plant, the benefit of section 80IB(10) will be available.
Discussion Forum - Knowledge Sharing .....

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