Tribunal held that the assessee had only submitted the letters before the CIT(A) to claim the deduction on pro rata basis. According to the findings of the CIT(A) those letters had not given any details about the stage of completion or the size of the flat to ascertain whether those projects satisfied the conditions specified in S 80-IB(10). Therefore, the AO was directed to collect information about the stage of completion of the projects and the size of the flats. If it was within the norms, the AO was to give pro rata deduction under S. 80-IB(10). (AY. 2007-08, 2008-09)
Dy. CIT v. Janapriya Engineers Syndicate Ltd. (2019) 70 ITR 370 (Hyd.)(Trib.)
S. 80IB(10) : Housing projects-Direction is given to AO to collect information about stage of completion of projects and size of flats — Pro rata deduction to be given if project completed within norms.