https://www.taxtmi.com/caselaws?id=120109 The ITAT dismissed the appeal, ruling that the assessee's project did not qualify as a "Housing Project" under section 80-IB(10) of the Income-tax Act, 1961, due to the inclusion of commercial areas and mixed project approval. Consequently, the assessee was denied the claimed deduction. The decision underscores the necessity for strict adherence to the conditions under section 80-IB(10) to fulfill its objective of promoting residential housing projects. The Tribunal also highlighted that the measurement of distance for section 80-IB(10)(c) should be calculated from the outer municipal limits of BMC by road, although this was deemed an academic issue in this case. en-us Mon, 10 Jul 2006 00:00:00 +0530 Wed, 13 Mar 2024 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120109 The ITAT dismissed the appeal, ruling that the assessee's project did not qualify as a "Housing Project" under section 80-IB(10) of the Income-tax Act, 1961, due to the inclusion of commercial areas and mixed project approval. Consequently, the assessee was denied the claimed deduction. The decision underscores the necessity for strict adherence to the conditions under section 80-IB(10) to fulfill its objective of promoting residential housing projects. The Tribunal also highlighted that the measurement of distance for section 80-IB(10)(c) should be calculated from the outer municipal limits of BMC by road, although this was deemed an academic issue in this case. Case-Laws Income Tax Mon, 10 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120109