https://www.taxtmi.com/caselaws?id=252491 The High Court of Bombay upheld the Assessee's appeal challenging the Income Tax Appellate Tribunal's decision on deduction eligibility under Section 80IB(10) of the Income Tax Act, 1961. The court dismissed the appeal based on a previous decision in favor of the Assessee by a Coordinate Bench. In the case of contiguous residential units, the High Court set aside the Tribunal's order for lacking detailed reasoning and factual analysis, remanding the case for a fresh decision within three months. The High Court directed an independent reassessment of a housing project not on a plot exceeding one acre, instructing the Tribunal to provide detailed reasons for its decision within three months. en-us Wed, 13 Aug 2014 00:00:00 +0530 Mon, 27 Oct 2014 07:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252491 The High Court of Bombay upheld the Assessee's appeal challenging the Income Tax Appellate Tribunal's decision on deduction eligibility under Section 80IB(10) of the Income Tax Act, 1961. The court dismissed the appeal based on a previous decision in favor of the Assessee by a Coordinate Bench. In the case of contiguous residential units, the High Court set aside the Tribunal's order for lacking detailed reasoning and factual analysis, remanding the case for a fresh decision within three months. The High Court directed an independent reassessment of a housing project not on a plot exceeding one acre, instructing the Tribunal to provide detailed reasons for its decision within three months. Case-Laws Income Tax Wed, 13 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252491