https://www.taxtmi.com/caselaws?id=263821 The ITAT allowed the appellant's appeal, directing the Assessing Officer to grant the deduction claimed under section 80IB of the Income Tax Act. The ITAT found that the disallowance was not justified as the commercial space and residential units in question did not exceed prescribed limits. It emphasized that even if some units exceeded limits, the deduction should be disallowed proportionately. The ITAT concluded that there was no violation of conditions for claiming the deduction, setting aside the Commissioner of Income Tax (Appeals) order and ruling in favor of the appellant. en-us Fri, 26 Jun 2015 00:00:00 +0530 Mon, 09 Nov 2015 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263821 The ITAT allowed the appellant's appeal, directing the Assessing Officer to grant the deduction claimed under section 80IB of the Income Tax Act. The ITAT found that the disallowance was not justified as the commercial space and residential units in question did not exceed prescribed limits. It emphasized that even if some units exceeded limits, the deduction should be disallowed proportionately. The ITAT concluded that there was no violation of conditions for claiming the deduction, setting aside the Commissioner of Income Tax (Appeals) order and ruling in favor of the appellant. Case-Laws Income Tax Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263821