erred in appreciating that the date of
approval of SRA scheme project is 03.07.2003 and is not
covered by the notification no.02/2011 - Income ... slum area under a Govt. scheme and
overrides the condition mentioned in clauses (a) and (b), The
scheme of SRA contained in regulation
assessee that it has undertaken the project under
the SRA scheme and the project was approved by the local authority
on 31st October ... submitted, as the assessee has carried
out the project under SRA scheme, assessee's case falls within the
proviso to section 80IB(10) , hence
proper ty f or the purpo se of
implementation of scheme of SRA'.
Clause- 14 (Page 9)
"Notwithstanding anything stated in this agreement ... developer has the financial capacity to undertake and
complete the scheme."
"The SRA is also directed to consider as to whether the
guidelines
were meant for slum occupants
under SRA Scheme and building "D", and "E", were meant for sale /
transfer by the assessee ... additional
benefit received by the assessee as per SRA scheme during the course
of its business and development of SRA projects, hence
building No.C-2 was issued on 17/01/2008 (No.SRA/Eng/
731/HE/PL/AP/OCC).
2.9 Under the aforementioned facts ... slum area under a Govt.
scheme and overrides the condition mentioned in clauses (a)
and (b). The scheme of SRA contained in regulation
upon fulfillment of certain conditions i.e sanctioning of scheme by Slum
Rehabilitation Authority (SRA) and obtaining the 'letter of intent' and other ... record that even till date no permission or
scheme has been granted by the SRA in respect of the impugned land. Thus it
was held
Mumbai Municipal Corporation and conformity with SRA(Slum
Rehabilitation Authority) or any other scheme permissible by law by
demolishing the existing structures and construction ... Mumbai Municipal
Corporation and conformity with SRA(Slum Rehabilitation Authority) or
any other scheme permissible by law by demolishing the existing
structures and construction
undertaken a slum rehabilitation project in terms of
a scheme formulated by Slum Rehabilitation Authority (SRA) at Sewri.
The project comprised of two wings, namely
The Mumbai Metropolitan Region ... vs Department Of Income Tax on 13 July, 2016
IN THE
Rehab Hsg. P. Ltd, Mumbai vs Department Of Income Tax on 11 May, 2016
IN
