Sec. 80-IB(10) -If profit is taxed on POCM method, deduction to be allowed on same method

IN THE ITAT HYDERABAD BENCH ‘A’ Kura Homes (P.) Ltd. Versus Income-tax Officer, Ward-2(1) IT Appeal No. 216 (Hyd.) of 2010 [Assessment year 2006-07] SEPTEMBER 21, 2012 ORDER Chandra Poojari, Accountant Member   This appeal by the assessee is directed against the order of the CIT(A)-III, Hyderabad dated 30.11.2009 for assessment year 2006-07. 2. The first ground in this appeal is with regard to disallowance of deduction u/s. 80IB(10) of the Income-tax Act, 1961 on the reason that there is no completion certificate in respect of housing project carried on by the ass...