alleged plea that the assesse has violated terms and condition of
SRA scheme without appreciating the the fact that the appellant has not
purchased flat ... SRA scheme.
7. The appellant craves leave to add, amend, alter or delete the said
ground of appeal."
appeal.
2. Briefly stated facts
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
known as Kurla Premier and conveyed the same to SRA
authority as per SRA Scheme. SRA granted land TDR against surrender
of land which ... known as Kurla
Premiere and conveyed The same to SRA authorities as per SRA scheme. SRA
granted land TDR against surrender of land which
Acit 25 (3), Mumbai vs Pravin Viram Satra, Mumbai on 24 March, 2021
IN THE
builder and
developer. The assessee has developed the housing project under SRA
scheme as sectioned by MMRDA. The ass assessee
essee claimed deduction ... under the SRA scheme and therefore, as per the first proviso to sec.
80IB(10) the scheme of SRA shall be notified by the Government
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
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
builder and developer. The
assessee has developed the housing project under SRA scheme as sectioned by
MMRDA. The assessee claimed deduction u/s 80IB ... under the
SRA scheme and therefore, as per the first proviso to sec. 80IB(10) the scheme of SRA
shall be notified by the Government
builder
and developer. The assessee has undertaken development of flats under SRA
scheme on a plot of land located in Survey ... Village
Goregaon Link Road, Goregaon. As per the SRA scheme the assessee can
construct two towers for free sale and other towers for the tenants
property. More so, as the project is under the already approved
SRA scheme, any change in the developer requires specific permission from
the SRA authority ... plot was inhabited by slum people, the same would
qualify under SRA scheme and hence the developers have shown interest in
the offer made
