Prior to 1-4-2005, no need to obtain completion certificate of housing project to avail of sec. 80-I

IT : Where assessee, a real estate developer, launched a project in Vrindavan and obtained approval of project from Development Authority on 16-3-2005 and for assessment year 2007-08 it claimed deduction under section 80-IB, provisions of sub-section (10) of section 80-IB existing prior to its substitution by Finance (No. 2) Act, 2004, with effect from 1-4-2005 were applicable to instant case and in view of said provisions, assessee was not required to produce completion certificate to avail ded