https://www.taxtmi.com/caselaws?id=219002 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) in allowing the deduction under Section 80IB(10) for housing projects, emphasizing the assessee's responsibility in the projects. The Tribunal dismissed the Revenue's challenges regarding ownership of land and approval by the local authority, citing precedents. Additionally, the Tribunal allowed the deduction for unutilized FSI based on previous decisions. The assessee's objection against the reopening of assessment was dismissed, and the Tribunal partially allowed the objection regarding specific income components, remitting the issues for further examination by the Assessing Officer. en-us Fri, 20 Jul 2012 00:00:00 +0530 Wed, 19 Sep 2012 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219002 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) in allowing the deduction under Section 80IB(10) for housing projects, emphasizing the assessee's responsibility in the projects. The Tribunal dismissed the Revenue's challenges regarding ownership of land and approval by the local authority, citing precedents. Additionally, the Tribunal allowed the deduction for unutilized FSI based on previous decisions. The assessee's objection against the reopening of assessment was dismissed, and the Tribunal partially allowed the objection regarding specific income components, remitting the issues for further examination by the Assessing Officer. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219002