No S. 80(IB)(10) denial for mere delay in permission for business

HIGH COURT OF GUJARAT Commissioner of Income-tax – IV versus Tarnetar Corporation Tax Appeal No. 1241 of 2011 September 12, 2012 ORDER Akil Kureshi, J. Revenue is in appeal against the judgment of the Tribunal dated 24.5.2011 raising following question for our consideration : “Whether the Appellate Tribunal is right in law and on facts in deleting the disallowance of deduction of Rs. 1,02,69,964/- made u/s.80-IB(10) of the Act ?” 2. The issue pertains to deduction claimed by the assessee under section 80-IB(10) of the Act on development of housing project. Th...