https://www.taxtmi.com/caselaws?id=209652 The Tribunal upheld the CIT(A)'s decision to deny the deduction under section 80-IB for Sunshine and Greenwoods projects. The inclusion of portico and balcony in the built-up area calculation resulted in each residential unit exceeding the 1500 sq. ft. limit, rendering the assessee ineligible for the deduction. The Tribunal found the statutory language unambiguous, affirming that the legislative intent required such inclusion. Consequently, the assessee's appeal was dismissed, confirming the disallowance of the deduction under section 80-IB for the mentioned projects. en-us Thu, 31 Mar 2011 00:00:00 +0530 Sun, 05 Feb 2012 07:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209652 The Tribunal upheld the CIT(A)'s decision to deny the deduction under section 80-IB for Sunshine and Greenwoods projects. The inclusion of portico and balcony in the built-up area calculation resulted in each residential unit exceeding the 1500 sq. ft. limit, rendering the assessee ineligible for the deduction. The Tribunal found the statutory language unambiguous, affirming that the legislative intent required such inclusion. Consequently, the assessee's appeal was dismissed, confirming the disallowance of the deduction under section 80-IB for the mentioned projects. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209652