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Revenue has raised the ground that on the facts and in the circumstances of thecaseand in law, whether the learned CIT(A) was justified in allowing the assessee deduction under section 80IB of the Act, when the project was not completed within time limit.

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Sec. 80IB of Income Tax Act, 1961— Deduction — Once the Tribunal, being the last fact finding authority, has recorded a factual finding that the housing project was completed within the stipulated time frame and such finding of fact has also been upheld by the Hon'ble Jurisdictional High Court in assessee’s own case, there is no scope for the Assessing Officer to deny assessee’s claim of deduction under section 80IB(10) - ASSTT. CIT V/s RATTANCHAND RIKHABDAS JAIN CHEMICALS WORKS - [2020] 28 ITCD Online 014 (ITAT-MUMBAI)