https://www.taxtmi.com/caselaws?id=219044 The Appellate Tribunal ruled in favor of the assessee regarding the deduction under section 80IB(10) and the retrospective effect of clause (d) of Section 80IB(10). The Tribunal emphasized applying the law as it existed when the project began and upheld the allowance of deduction based on the prevailing conditions at that time. The Tribunal found no fault in the Commissioner of Income Tax (Appeals) decision to allow the deduction, following judicial precedents and the interpretation of relevant legal provisions. en-us Fri, 20 Jan 2012 00:00:00 +0530 Mon, 03 Dec 2012 22:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219044 The Appellate Tribunal ruled in favor of the assessee regarding the deduction under section 80IB(10) and the retrospective effect of clause (d) of Section 80IB(10). The Tribunal emphasized applying the law as it existed when the project began and upheld the allowance of deduction based on the prevailing conditions at that time. The Tribunal found no fault in the Commissioner of Income Tax (Appeals) decision to allow the deduction, following judicial precedents and the interpretation of relevant legal provisions. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219044