Deduction u/s 80IB (10) should not be denied merely because of non-acceptance of Occupancy Certificate: ITAT [Read Order]

Deduction - occupancy certificate - ITAT - taxscan

Income Tax Appellate Tribunal (ITAT), Mumbai bench consisting of Aby T Varkey, Judicial Member and S Rifaur Rahman, Accountant Member held that deduction u/s 80IB (10) should not be denied merely because of non-acceptance of occupancy certificate. The assessee firm, M/s. Atul Properties is engaged in the business of building of development of real estate….

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