https://www.taxtmi.com/caselaws?id=256364 The court ruled in favor of the assessee in all appeals, affirming compliance with section 80-IB(10) of the Income-tax Act for the assessment year 2006-07. The Tribunal's decision was upheld, allowing the assessee's eligibility for deduction despite the Assessing Officer's disallowance based on residential unit size. The judgment clarified the definition of built-up area under the Finance Act of 2004, emphasizing that the definition does not apply retrospectively to projects completed before April 1, 2005. The court highlighted the Tribunal's factual findings as decisive in determining eligibility for deductions under the Income-tax Act. en-us Thu, 27 Nov 2014 00:00:00 +0530 Wed, 11 Feb 2015 09:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256364 The court ruled in favor of the assessee in all appeals, affirming compliance with section 80-IB(10) of the Income-tax Act for the assessment year 2006-07. The Tribunal's decision was upheld, allowing the assessee's eligibility for deduction despite the Assessing Officer's disallowance based on residential unit size. The judgment clarified the definition of built-up area under the Finance Act of 2004, emphasizing that the definition does not apply retrospectively to projects completed before April 1, 2005. The court highlighted the Tribunal's factual findings as decisive in determining eligibility for deductions under the Income-tax Act. Case-Laws Income Tax Thu, 27 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256364