https://www.taxtmi.com/caselaws?id=243084 The Tribunal upheld the CIT(A)'s decision to disallow the deduction claim under Section 80IB(10) for the assessee, a Private Limited Company engaged in real estate development. The Tribunal emphasized that the deduction is only available for housing projects involving the construction of residential units, which the assessee did not undertake. The project primarily involved the sale of developed plots without constructing residential units, thus rendering it ineligible for the deduction. Consequently, the appeal was dismissed. en-us Tue, 30 Jul 2013 00:00:00 +0530 Sat, 25 Jan 2014 18:18:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243084 The Tribunal upheld the CIT(A)'s decision to disallow the deduction claim under Section 80IB(10) for the assessee, a Private Limited Company engaged in real estate development. The Tribunal emphasized that the deduction is only available for housing projects involving the construction of residential units, which the assessee did not undertake. The project primarily involved the sale of developed plots without constructing residential units, thus rendering it ineligible for the deduction. Consequently, the appeal was dismissed. Case-Laws Income Tax Tue, 30 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243084