https://www.taxtmi.com/caselaws?id=249053 The court upheld the decision of the Income Tax Appellate Tribunal (CESTAT) regarding the eligibility of income for deduction under Section 80IB (10) for a housing project on a plot of land less than one acre. It clarified the interpretation of 'built up area' for the relevant period, excluding the balcony area from the calculation. As the total built-up area fell below the required threshold after excluding the balcony area, the assessee was deemed entitled to the deduction under Section 80IB (10). The appeal was dismissed, with no costs awarded. en-us Fri, 13 Apr 2012 00:00:00 +0530 Thu, 03 Jul 2014 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249053 The court upheld the decision of the Income Tax Appellate Tribunal (CESTAT) regarding the eligibility of income for deduction under Section 80IB (10) for a housing project on a plot of land less than one acre. It clarified the interpretation of 'built up area' for the relevant period, excluding the balcony area from the calculation. As the total built-up area fell below the required threshold after excluding the balcony area, the assessee was deemed entitled to the deduction under Section 80IB (10). The appeal was dismissed, with no costs awarded. Case-Laws Income Tax Fri, 13 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249053