Procedural delay on the part of CBDT will not make Assessee ineligible for benefit

HIGH COURT OF BOMBAY Commissioner of Income-tax,Central-III, Mumbai Versus Ackruti City Ltd. IT APPEAL NO. 71 OF 2012 Date of Pronouncement – 22.02.2013 ORDER 1. In this appeal by the Revenue for assessment year 2005-06, following questions of law have been proposed for our consideration. “(a) Whether, on the facts and in the circumstances of the case and in law, the Tribunal is right in law in holding that amended provisions of Section 80IB (10), as amended by Finance Act, 2004, will not apply to project approved before 31-3-2005 and, hence, deduction under Secti...