[aaykarbhavan] No completion certificate is required to claim sec. 80-IB relief for housing projects located in Karnataka

No completion certificate is required to claim sec. 80-IB relief for housing projects located in Karnataka

October 15, 2014[2014] 49 taxmann.com 201 (Karnataka)

IT : Where housing project of assessee builder was approved by local authority prior to 1-4-2005, benefit under section 80-IB could not be denied on ground that assessee did not comply with provisions of section 80-IB(10)

IT : Where revenue authorities rejected assessee's claim under section 80-IB on ground that assessee failed to submit completion certificate in respect of housing project developed by it, since there was no provision in Karnataka Municipal Corporation Act for issue of completion certificate, impugned order was be set aside

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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