Dismissing the appeal of the revenue the Court held that; appellate proceedings Tribunal’s concluded that assessee had satisfied all conditions stipulated in provisions of S. 80-IB(10) of the Act. Order of Tribunal is affirmed. Followed PCIT v. Kewal Real Estate Developers (P.) Ltd. 793 of 2016 dt. 10-12-2018
PCIT v. Kewal Real Estate Developers (P.) Ltd. (2020) 113 taxmann.com 49 / 268 Taxman 388 (Bom.)(HC) Editorial : SLP of revenue is dismissed; PCIT v. Kewal Real Estate Developers (P.) Ltd. (2020) 268 Taxman 387 (SC)
S. 80IB(10) : Housing projects-Complied all the conditions- Failure to complete the project attributable to the assesee-Entitle to deduction.