https://www.taxtmi.com/caselaws?id=243215 The Tribunal upheld the CIT(A)'s decision to allow the deduction under section 80IB(10) for the housing project, despite exceeding the commercial area limit. Relying on the Bombay High Court's decision in Brahma Associates, the Tribunal emphasized the project's approval as a housing project before the amended provisions took effect, justifying the deduction. The Tribunal rejected the revenue's arguments, affirming that the project primarily qualified as a housing project, meeting the criteria for the deduction under section 80IB(10). As a result, the appeal was dismissed, maintaining the allowance of the deduction. en-us Wed, 14 Aug 2013 00:00:00 +0530 Tue, 28 Jan 2014 06:08:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243215 The Tribunal upheld the CIT(A)'s decision to allow the deduction under section 80IB(10) for the housing project, despite exceeding the commercial area limit. Relying on the Bombay High Court's decision in Brahma Associates, the Tribunal emphasized the project's approval as a housing project before the amended provisions took effect, justifying the deduction. The Tribunal rejected the revenue's arguments, affirming that the project primarily qualified as a housing project, meeting the criteria for the deduction under section 80IB(10). As a result, the appeal was dismissed, maintaining the allowance of the deduction. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243215