Denial of deduction u/s. 80IB(10) unjustified as separate building planning permission obtained for each block

Takshashila Realities Pvt Ltd Vs ACIT (ITAT Ahmedabad) ITAT Ahmedabad held that denial of deduction u/s. 80IB(10) of the Income Tax Act alleging non-completion of some blocks unjustified as separate building planning permission were obtained by assessee from Local Authority namely AMC for each Block as a separate housing project. Facts- The assessee developed 11 Blocks of residential housing projects under the scheme of Takshashila Colonial starting with Block Nos. C to Q. The assessee obtained separate planning permission for construction of residential building from the local authority namel...