https://www.taxtmi.com/caselaws?id=172197 The Tribunal upheld the CIT(A)'s decision to treat rental income from Cyber City as business income, allowing the depreciation claim. It also permitted the deduction under Section 80-IB(10) for the Heliconia project despite statutory disallowances. The Tribunal ruled in favor of allowing the deduction for eligible buildings within the Cosmos project, excluding the Prime building. Additionally, it held that combining adjacent flats should not impact Section 80-IB(10) deduction eligibility. The Revenue's appeal was dismissed, and the assessee's cross-objections were allowed. en-us Tue, 18 Sep 2012 00:00:00 +0530 Wed, 27 Jul 2016 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172197 The Tribunal upheld the CIT(A)'s decision to treat rental income from Cyber City as business income, allowing the depreciation claim. It also permitted the deduction under Section 80-IB(10) for the Heliconia project despite statutory disallowances. The Tribunal ruled in favor of allowing the deduction for eligible buildings within the Cosmos project, excluding the Prime building. Additionally, it held that combining adjacent flats should not impact Section 80-IB(10) deduction eligibility. The Revenue's appeal was dismissed, and the assessee's cross-objections were allowed. Case-Laws Income Tax Tue, 18 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172197