https://www.taxtmi.com/caselaws?id=214661 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to allow the deduction under section 80IB(10) for the appellant's housing project, approved before the amendment's effective date. The appellant was entitled to the deduction and could also claim exemption for profits from commercial areas, as per relevant Tribunal and High Court judgments. The Tribunal dismissed the Revenue's appeals for both years, affirming the allowance of the deduction for the assessment years 2005-06 and 2006-07. en-us Wed, 30 May 2012 00:00:00 +0530 Mon, 02 Jul 2012 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214661 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to allow the deduction under section 80IB(10) for the appellant's housing project, approved before the amendment's effective date. The appellant was entitled to the deduction and could also claim exemption for profits from commercial areas, as per relevant Tribunal and High Court judgments. The Tribunal dismissed the Revenue's appeals for both years, affirming the allowance of the deduction for the assessment years 2005-06 and 2006-07. Case-Laws Income Tax Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214661