Monday 26 October 2015

No denial of sec. 80-IB relief if completion certificate was delayed by Municipal Authority

IT: Where assessee-builder undertook a housing project which was completed on time and an application was moved in time for seeking completion certificate from Municipal Authority but same was issued to assessee with delay, that delay could not be attributed to assessee and assessee was entitled to exemption under section 80-IB(10)

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