https://www.taxtmi.com/caselaws?id=219054 The High Court dismissed the Revenue's appeals and allowed the assessee's appeals regarding eligibility criteria, ownership requirements, built-up area calculations, and exclusion of terrace areas for deduction purposes under Sections 80IB and 80IB(10) of the Income Tax Act. The Court clarified the conditions for claiming deductions, emphasizing distinctions between developers, builders, and contractors, and upheld the exclusion of private terrace areas from the built-up area calculation, affirming the assessee's entitlement to deductions. en-us Fri, 02 Nov 2012 00:00:00 +0530 Tue, 04 Dec 2012 01:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219054 The High Court dismissed the Revenue's appeals and allowed the assessee's appeals regarding eligibility criteria, ownership requirements, built-up area calculations, and exclusion of terrace areas for deduction purposes under Sections 80IB and 80IB(10) of the Income Tax Act. The Court clarified the conditions for claiming deductions, emphasizing distinctions between developers, builders, and contractors, and upheld the exclusion of private terrace areas from the built-up area calculation, affirming the assessee's entitlement to deductions. Case-Laws Income Tax Fri, 02 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219054