https://www.taxtmi.com/caselaws?id=217920 The Tribunal allowed the assessee's appeals, granting deductions under section 80IB(10) for issues related to built-up area and commercial area, while dismissing the revenue's appeal. It held that for projects commenced before 01.04.2005, the built-up area calculation should exclude terrace area, and the inclusion of commercial area does not disqualify a project if it began before the amendment date. The judgment emphasized that the 01.04.2005 amendments to section 80IB(10) were not retroactively applicable. en-us Mon, 30 Jul 2012 00:00:00 +0530 Wed, 17 Oct 2012 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217920 The Tribunal allowed the assessee's appeals, granting deductions under section 80IB(10) for issues related to built-up area and commercial area, while dismissing the revenue's appeal. It held that for projects commenced before 01.04.2005, the built-up area calculation should exclude terrace area, and the inclusion of commercial area does not disqualify a project if it began before the amendment date. The judgment emphasized that the 01.04.2005 amendments to section 80IB(10) were not retroactively applicable. Case-Laws Income Tax Mon, 30 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217920