https://www.taxtmi.com/caselaws?id=122550 The Tribunal ruled in favor of the assessee, holding that the provisions of section 80-IB(2) do not apply to those claiming deductions under section 80-IB(10) for housing projects. It was determined that the assessee's business was not formed by the reconstruction or splitting up of existing businesses. The Tribunal also found that the built-up area of residential units exceeding 1,000 sq.ft. did not invalidate the deductions claimed. Additionally, the status of the assessee as an AOP was deemed correct, and the assessment was not considered erroneous. The appeal was allowed, and the order under section 263 was set aside. en-us Tue, 22 Dec 2009 00:00:00 +0530 Tue, 14 Aug 2012 15:48:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122550 The Tribunal ruled in favor of the assessee, holding that the provisions of section 80-IB(2) do not apply to those claiming deductions under section 80-IB(10) for housing projects. It was determined that the assessee's business was not formed by the reconstruction or splitting up of existing businesses. The Tribunal also found that the built-up area of residential units exceeding 1,000 sq.ft. did not invalidate the deductions claimed. Additionally, the status of the assessee as an AOP was deemed correct, and the assessment was not considered erroneous. The appeal was allowed, and the order under section 263 was set aside. Case-Laws Income Tax Tue, 22 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122550