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Deduction u/s 80-IB of IT Act in respect of housing project and its allowability
Case Law Details
- Case Name
- Vandana Properties Vs ACIT (ITAT Mumbai 'F' Bench)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Mumbai
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SUMMARY OF CASE LAW
The concept of housing project does not mean that there should be the group of the buildings and only then same is called as “Housing Project”
RELEVANT PARAGRAPH
10. The first issue is to be decided before us is the interpretation of the phrase “Housing Project” which is contemplated in Section 80IB (10) of the Act. There is no definition of the term `Housing Project’ given either in the Section 80IB or in the Act itself. But so far as Section 80HHBA which provides for a deduction in respect of profits and gains derived from ...
Please help on below mentioned query:
Is the case of Vandana Properties v ACIT, appeal no. ITA NO. 1253/MUM/2007, which was decided on April 29, 2009 by ITAT, Mumbai Bench was further appealed in any other court?