MANJEERA PROJECTS, HYD,HYDERABAD vs. DCIT, CIRCLE-6(1), HYDERABAD, HYDERABAD
In the result, assessee’s appeals are allowed
ITA 1082/HYD/2016[2012-13]Status: DisposedITAT Hyderabad27 Apr 2018AY 2012-13
Bench: Smt. P. Madhavi Devi & Shri S.Rifaur Rahman
For Appellant: Shri K.C. DevdasFor Respondent: Dr. K. Srinivas Reddy, DR
Section 142(1)Section 143(2)Section 80Section 801B(10)Section 80I
…e Act on such interest income as well. In support of this contention, he placed reliance upon the decisions of the Hon'ble Telangana & A.P. High Court in the case of Indo Aquatics (2014) 369 ITR 589 (T&AP), and in the case of CIT vs. Godavari Drugs Ltd (2015) 371 ITR 379 (T&A.P). 12. The learned DR, on the other hand, supported the orders of the authorities below and submitted that the housing project has been approved as a single project and therefore, the assessee is required to complete the entire project on or before 31.03.2013 and has to obtain the completion certificate by the said date for all the buildin…