Section 80IB: Date of application for completion certificate is relevant

ITO Vs Kamdhenu Real Estate Pvt. Ltd (ITAT Pune) Held that if the application is moved well in time for seeking the completion certificate from the Municipal Corporation and delay in issuance of completion certificate is not attributable to the assessee. Then, the date of application should be considered for claiming deduction u/s 80IB Facts- AO disallowed the claim for deduction u/s 80IB on the ground that the final completion certificate was granted by the Pune Municipal Corporation on 21.07.2012 which is beyond the prescribed dated 31.03.2012 for completion of the house project rejecting t...