Case Number: ITA 5187/DEL/2019
Appellant: ACIT Circle-2(2), New Delhi
Respondent: Ansal Housing Ltd., New Delhi
Assessment Year: 2005-06
Order Type: Final Tribunal Order
Date of Order: June 27, 2022
Case Filed on: June 6, 2019
Pronounced on: June 27, 2022
The appeal concerns disputes over the eligibility of deductions under Section 80IB(10) of the Income Tax Act claimed by Ansal Housing Ltd. for various housing projects. Initially, these deductions were disallowed by the AO due to the non-production of completion certificates during the assessment and initial appellate proceedings.
Upon remand, the AO verified the completion certificates, leading to the CIT(A) allowing the deductions. However, the Revenue challenged this decision, leading to the tribunal’s affirmation of the CIT(A)’s decision, referencing a consistent approach in similar cases. The tribunal emphasized the verified completion of projects and the fulfillment of other conditions under Section 80IB, ultimately dismissing the Revenue’s appeal and upholding the deductions.
This decision reinforces the importance of procedural compliance and the verification of claims for tax deductions under housing project schemes. It highlights the tribunal’s role in resolving disputes where initial administrative decisions are contested.
ITA 5187/DEL/2019: Dispute on Deduction Claim Under Section 80IB for AY 2005-06
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