Deduction U/s. 80(IB)(10) can be claimed on profit computed under partial project completion method

IN THE ITAT HYDERABAD BENCH ‘B’ Deputy Commissioner of Income-tax v/s. SMR Builders (P.) Ltd. IT APPEAL NOs. 671 (HYD.) OF 2010 and 1921 & 1948 (HYD.) OF 2011 [ASSESSMENT YEARs 2005-06 & 2006-07] JULY 12, 2012 ORDER Chandra Poojari, Accountant Member – ITA No. 671/Hyd/2010 and ITA No. 1948/Hyd/2011 are by the Revenue and ITA No. 1921/Hyd/2011 is by the assessee directed against different orders of the CIT(A), Guntur for assessment years 2005-06 and 2006-07. Since the above appeals involve common issues, they are clubbed, heard and are being disposed o...