https://www.taxtmi.com/caselaws?id=218035 The Tribunal upheld the disallowance of the deduction claimed under Section 80IB(10) of the IT Act by the assessee firm engaged in civil construction, as the built-up area exceeded the limit and no completion certificate was issued. The Tribunal also sustained the levy of interest under Sections 234B and 234C due to the primary disallowance. The appeals were dismissed, finding the assessee did not fulfill the statutory requirements for the deduction, leading to the denial of the exemption and the interest levy. en-us Wed, 23 May 2012 00:00:00 +0530 Fri, 02 Nov 2012 09:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218035 The Tribunal upheld the disallowance of the deduction claimed under Section 80IB(10) of the IT Act by the assessee firm engaged in civil construction, as the built-up area exceeded the limit and no completion certificate was issued. The Tribunal also sustained the levy of interest under Sections 234B and 234C due to the primary disallowance. The appeals were dismissed, finding the assessee did not fulfill the statutory requirements for the deduction, leading to the denial of the exemption and the interest levy. Case-Laws Income Tax Wed, 23 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218035