COURT: | ITAT Pune |
CORAM: | G. S. Pannu (AM), R. S. Padvekar (JM) |
SECTION(S): | 40(a)(ia), 80-IB(10) |
GENRE: | Domestic Tax |
CATCH WORDS: | Housing Project, TDS disallowance |
COUNSEL: | S. K. Tyagi |
DATE: | December 31, 2014 (Date of pronouncement) |
DATE: | January 7, 2015 (Date of publication) |
AY: | 2009-10 |
FILE: | Click here to view full post with file download link |
CITATION: | |
(i) S. 40(a)(ia) disallowance cannot be made if the assessee has not claimed a deduction. (ii) S. 80-IB(10) deduction cannot be denied on the ground that the completion certificate has not been issued by the Municipality if the assessee has completed construction before the due date |
Explanation (ii) to section 80IB(10)(a) of the Act prescribes that the date of completion of construction of the housing project shall be taken to be the date on which the completion certificate in respect of such housing project is issued by the local authority
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