https://www.taxtmi.com/caselaws?id=262971 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's decision regarding the interpretation of Section 80IB(10) of the Income Tax Act for the Assessment Year 2007-08. The Court upheld the Tribunal's allowance of deduction for a Housing Project on the size of two plots of land, emphasizing consistency with previous decisions. The appeal's second issue on the admissibility of deduction for a project with residential and commercial units was also dismissed due to the absence of new legal questions. The Court found no substantial legal issues warranting a review and upheld the Tribunal's decision. en-us Mon, 03 Aug 2015 00:00:00 +0530 Mon, 24 Aug 2015 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262971 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's decision regarding the interpretation of Section 80IB(10) of the Income Tax Act for the Assessment Year 2007-08. The Court upheld the Tribunal's allowance of deduction for a Housing Project on the size of two plots of land, emphasizing consistency with previous decisions. The appeal's second issue on the admissibility of deduction for a project with residential and commercial units was also dismissed due to the absence of new legal questions. The Court found no substantial legal issues warranting a review and upheld the Tribunal's decision. Case-Laws Income Tax Mon, 03 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262971