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Showing contexts for: common plot in Asst Cit Cir 2, Thane vs Ashish Construction Co., Thane on 7 February, 2018Matching Fragments
80IB(10) of the Income Tax Act, 1961 (hereinafter the Act) treating the project I and II as separate project, ignoring the approval for commencement and completion as one project on a common plot of land.
2. At the outset, during hearing, Shri Sanjay Sharma, learned counsel for the assessee claimed that the impugned issue is covered in favour of the assessee by the decision from Hon'ble Bombay High Court in the case of CIT vs. Vandana Properties (353 ITR 36). This factual matrix was claimed to be correct by learned DR Shri V Vidyadhar.