Sec. 80-IB of the Income-tax Act, 1961 - Deduction – Revenue filed Tax Appeal against the order of ITAT in holding that the assessee was entitled to the benefit of deduction under Section 80IB(10) of the Act. Section 80IB(10) allows a deduction of 100% to an undertaking developing and building housing projects approved before the 31st March 2007, provided such undertaking has commenced or commences development and construction of the housing project on or after 1st day of October 1998. There is no dispute that the project in question was completed before outer and cut off date, namely 31st March 2008. Therefore, the concurrent findings of the facts given by the two appellate authorities below that the commencement of the project was done within the statutory time frame and accordingly, deduction under Section 80IB(10) was allowable to assessee, do not deserve to be disturbed. Appeal of the revenue dismissed. SLP also dismissed on account of low tax effect. - CIT V/s ARUN EXCELLO - [2020] 269 TAXMAN 018 (SC)