https://www.taxtmi.com/caselaws?id=249060 The High Court clarified the interpretation and application of Section 80IB(10) of the Income Tax Act, emphasizing the importance of the project completion date and the definition of "built-up area" for claiming deductions. The Court dismissed the Appeals filed by the Revenue, affirming the binding nature of the Division Bench's decision that the amended definition would not apply to projects completed before 01.04.2005. The judgment underscored the significance of the completion date over the sale date for profit calculation under Section 80IB(10). en-us Wed, 18 Jun 2014 00:00:00 +0530 Thu, 03 Jul 2014 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249060 The High Court clarified the interpretation and application of Section 80IB(10) of the Income Tax Act, emphasizing the importance of the project completion date and the definition of "built-up area" for claiming deductions. The Court dismissed the Appeals filed by the Revenue, affirming the binding nature of the Division Bench's decision that the amended definition would not apply to projects completed before 01.04.2005. The judgment underscored the significance of the completion date over the sale date for profit calculation under Section 80IB(10). Case-Laws Income Tax Wed, 18 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249060