https://www.taxtmi.com/caselaws?id=218605 The Tribunal allowed the assessee's claim for deduction under Section 80IB(10) as the plot area, even after excluding certain spaces, was deemed eligible. The Tribunal also ruled in favor of the assessee regarding the timing of income recognition, directing that the profit be taxed in the relevant assessment year. However, the Tribunal upheld the disallowance under Section 40(a)(ia) for non-deduction of tax at source, limiting it to the outstanding amount. Additionally, the Tribunal determined the depreciation rates for windmill-related civil work, allowing 80% depreciation on electrical yard fencing and 10% on the road for crane movement. en-us Fri, 27 Jul 2012 00:00:00 +0530 Sat, 05 Jan 2013 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218605 The Tribunal allowed the assessee's claim for deduction under Section 80IB(10) as the plot area, even after excluding certain spaces, was deemed eligible. The Tribunal also ruled in favor of the assessee regarding the timing of income recognition, directing that the profit be taxed in the relevant assessment year. However, the Tribunal upheld the disallowance under Section 40(a)(ia) for non-deduction of tax at source, limiting it to the outstanding amount. Additionally, the Tribunal determined the depreciation rates for windmill-related civil work, allowing 80% depreciation on electrical yard fencing and 10% on the road for crane movement. Case-Laws Income Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218605