https://www.taxtmi.com/caselaws?id=211600 The court quashed the impugned order under Section 264 of the Income Tax Act and reinstated the project completion method in income computation for deduction under Section 80-IB(10). The matter was remanded to the Assessing Officer to consider tax holidays and exemptions under Section 80IB(10) and to recalculate deductions accordingly. The court directed the Assessing Officer to determine project completion calculations based on plot registration or payment amounts, ensuring compliance with the law. The petitioner's grievances were upheld, and they were instructed to appear before the Assessment Officer for further proceedings. en-us Mon, 14 Feb 2011 00:00:00 +0530 Tue, 27 Mar 2012 07:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211600 The court quashed the impugned order under Section 264 of the Income Tax Act and reinstated the project completion method in income computation for deduction under Section 80-IB(10). The matter was remanded to the Assessing Officer to consider tax holidays and exemptions under Section 80IB(10) and to recalculate deductions accordingly. The court directed the Assessing Officer to determine project completion calculations based on plot registration or payment amounts, ensuring compliance with the law. The petitioner's grievances were upheld, and they were instructed to appear before the Assessment Officer for further proceedings. Case-Laws Income Tax Mon, 14 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211600