https://www.taxtmi.com/caselaws?id=210914 The ITAT upheld the CIT(A)'s decision to allow deduction under section 80-IB(10) for projects where construction commenced post the statutory date and the built-up area complied with limits. Consultancy fees were treated as capital expenditure for acquiring technical know-how. Prior period expenses were allowed based on the liability crystallizing in the current year. Notional rental income on unsold flats was not taxed. The issue of interest under sections 234B and 244A was directed for recalculation. An additional ground on expenditure for RHW Hotel Management Services Ltd. was admitted for consideration based on when the expenditure accrued. en-us Fri, 09 Sep 2011 00:00:00 +0530 Sat, 25 Feb 2012 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210914 The ITAT upheld the CIT(A)'s decision to allow deduction under section 80-IB(10) for projects where construction commenced post the statutory date and the built-up area complied with limits. Consultancy fees were treated as capital expenditure for acquiring technical know-how. Prior period expenses were allowed based on the liability crystallizing in the current year. Notional rental income on unsold flats was not taxed. The issue of interest under sections 234B and 244A was directed for recalculation. An additional ground on expenditure for RHW Hotel Management Services Ltd. was admitted for consideration based on when the expenditure accrued. Case-Laws Income Tax Fri, 09 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210914