https://www.taxtmi.com/caselaws?id=214512 The High Court upheld the Tribunal's decision, ruling in favor of the assessee and dismissing the revenue's appeal. The judgment clarified the interpretation of Section 80-IB(10) and the exclusion of shared common areas from built-up area calculations for tax benefits. Excluding shared balconies made all units compliant with the 1500 sq.ft limit, entitling the assessee to full tax exemption. en-us Tue, 28 Feb 2012 00:00:00 +0530 Mon, 01 Jul 2013 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214512 The High Court upheld the Tribunal's decision, ruling in favor of the assessee and dismissing the revenue's appeal. The judgment clarified the interpretation of Section 80-IB(10) and the exclusion of shared common areas from built-up area calculations for tax benefits. Excluding shared balconies made all units compliant with the 1500 sq.ft limit, entitling the assessee to full tax exemption. Case-Laws Income Tax Tue, 28 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214512