DCIT, CIRCLE - 12, KOLKATA, KOLKATA vs. M/S. BENGAL AMBUJA HOUSING DEVELOPMENT LTD., KOLKATA
In the result, the appeals of revenue are dismissed
ITA 1080/KOL/2010[2004-05]Status: DisposedITAT Kolkata24 Nov 2015AY 2004-05
Bench: Shri Mahavir Singh, Jm & Shri Waseem Ahmed, Am]
For Appellant: Shri S. S. Alam, JCIT, Sr. DRFor Respondent: Shri D. S. Damle, FCA
Section 143(3)Section 80I
disallowing the deduction u/s. 80IB(10). As per the amendment effected by the Finance
(No.2) Act 2004; which came into force from A. Y.2005-06; an eligible housing project could not contain commercial area of more than 2000 sq.ft. According to AO; appellant's housing project contained "Utsa Centre" which had commercial area of 5000 sq.ft and this was more than
