https://www.taxtmi.com/caselaws?id=258124 The Tribunal ruled in favor of the assessee, holding that the restriction on commercial area and the definition of "built-up area" do not apply retrospectively to projects commenced before specific dates. The Tribunal also determined that proportionate deductions should be allowed for eligible residential units, even if some units exceed prescribed built-up area limits. The Assessing Officer was directed to re-compute the deduction for the assessee under section 80-IB(10) based on these rulings, resulting in the partial allowance of the assessee's appeals. en-us Wed, 08 Aug 2012 00:00:00 +0530 Tue, 31 Mar 2015 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258124 The Tribunal ruled in favor of the assessee, holding that the restriction on commercial area and the definition of "built-up area" do not apply retrospectively to projects commenced before specific dates. The Tribunal also determined that proportionate deductions should be allowed for eligible residential units, even if some units exceed prescribed built-up area limits. The Assessing Officer was directed to re-compute the deduction for the assessee under section 80-IB(10) based on these rulings, resulting in the partial allowance of the assessee's appeals. Case-Laws Income Tax Wed, 08 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258124