https://www.taxtmi.com/caselaws?id=123050 The Tribunal ruled in favor of the assessee, allowing the deduction under Section 80-IB(10) on the enhanced profit of Rs. 8,26,90,888, inclusive of disallowed expenses under Section 40(a)(ia). The Tribunal emphasized adherence to statutory provisions and binding precedents in profit computation for deductions under Chapter VI-A, rejecting the revenue's argument that disallowed expenses cannot be considered as operational profits from the housing project. en-us Fri, 14 May 2010 00:00:00 +0530 Thu, 30 Aug 2012 15:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123050 The Tribunal ruled in favor of the assessee, allowing the deduction under Section 80-IB(10) on the enhanced profit of Rs. 8,26,90,888, inclusive of disallowed expenses under Section 40(a)(ia). The Tribunal emphasized adherence to statutory provisions and binding precedents in profit computation for deductions under Chapter VI-A, rejecting the revenue's argument that disallowed expenses cannot be considered as operational profits from the housing project. Case-Laws Income Tax Fri, 14 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123050