DCIT, CIR-12(1), KOLKATA, KOLKATA vs. M/S BENGAL AMBUJA HOUSING DEVELOPMENT LTD., KOLKATA

In the result, the both appeals of the Revenue are dismissed

Bench: Shri A. T. Varkey, Jm & Shri A.L.Saini, Am]

1O)(iii) · pertained to obtaining of completion certificate from the local authority for the housing project prior to 31.03.2012. From the material on record I find that the housing project being Phase I only obtained completion certificate in April 2011 whereas other housing projects being Phases II, III, IV & V of Luxury HIG zone obtained completion certificate in February

ITO, WARD - 7(2), KOLKATA, KOLKATA vs. M/S. WIZARD ENTERPRISES PVT. LTD., KOLKATA

In the result, the appeals of the revenue are dismissed and cross objections of the assessee are allowed as stated above