Dcit, Circle - 3(1) , Kolkata vs M/S. Sppl Property Management Pvt. ... on 16 July, 2021
We also note that
the Tribunal has taken note of the decision of the Hon'ble Karnataka High Court in a
case of CIT Vs. Ittina properties Pvt. Ltd., ITA No. 556 of 2013 and 105 of 2014 dated
5
ITA No. 22/Kol/2020
SPPL Property Management Pvt. Ltd., AY 2014-15
15.07.2014 in similar matter as well as the decision of Hon'ble Bombay High Court in
the case of CIT Vs. Akruti City Ltd. (2013) 214 Taxman 398 (Bom) wherein the
Hon'ble Bombay High Court has held that once industrial park was approved by
Ministry of Commerce & Industry, CBDT has to suo moto issue notification and any
delay on the part of the CBDT in issuing notification would not warrant the assessee
being denied benefit of deduction u/s. 80-IA(4)(iii) of the Act. Hon'ble High Court has
decided this issue as under: