https://www.taxtmi.com/caselaws?id=238252 The Court upheld the Tribunal's decision, ruling in favor of the taxpayer in an appeal concerning deduction u/s.80IB(10) for the assessment year 2006-07. The Court emphasized that compliance with the commercial area limit and completion of the housing project before the introduction of restrictions were crucial for eligibility. Rejecting the Revenue's objections, the Court highlighted the retrospective application of changes as unreasonable, emphasizing the need to facilitate residential projects without unforeseen restrictions. The appeal was dismissed, affirming the taxpayer's eligibility for the deduction. en-us Tue, 23 Oct 2012 00:00:00 +0530 Wed, 23 Oct 2013 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238252 The Court upheld the Tribunal's decision, ruling in favor of the taxpayer in an appeal concerning deduction u/s.80IB(10) for the assessment year 2006-07. The Court emphasized that compliance with the commercial area limit and completion of the housing project before the introduction of restrictions were crucial for eligibility. Rejecting the Revenue's objections, the Court highlighted the retrospective application of changes as unreasonable, emphasizing the need to facilitate residential projects without unforeseen restrictions. The appeal was dismissed, affirming the taxpayer's eligibility for the deduction. Case-Laws Income Tax Tue, 23 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238252