https://www.taxtmi.com/caselaws?id=215996 The tribunal ruled in favor of the assessee, allowing the appeals and permitting the deduction for rental income from Ascendas under section 80IA(4)(iii). It was determined that the administrative building was part of the Mariner Block and common facilities, making the rent income eligible for deduction. The tribunal rejected the CIT(A)'s interpretation that only income from allocable areas qualified for the deduction, emphasizing the importance of common facilities for park operation. en-us Thu, 28 Jun 2012 00:00:00 +0530 Fri, 24 Aug 2012 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215996 The tribunal ruled in favor of the assessee, allowing the appeals and permitting the deduction for rental income from Ascendas under section 80IA(4)(iii). It was determined that the administrative building was part of the Mariner Block and common facilities, making the rent income eligible for deduction. The tribunal rejected the CIT(A)'s interpretation that only income from allocable areas qualified for the deduction, emphasizing the importance of common facilities for park operation. Case-Laws Income Tax Thu, 28 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215996