https://www.taxtmi.com/caselaws?id=263938 The Tribunal allowed the assessee's appeals, directing the AO to grant the deduction under Section 80IB(10) of the Income Tax Act. The Tribunal found that the assessee was engaged in the development and construction of housing projects, not acting as a contractor/agent. Additionally, the Tribunal held that the amendment to Section 80IB(10) was not applicable retrospectively to the project approved before the amendment date. Consequently, the assessee was entitled to the deduction for the relevant assessment years, overturning the decisions of the lower authorities. en-us Fri, 19 Jun 2015 00:00:00 +0530 Mon, 14 Sep 2015 06:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263938 The Tribunal allowed the assessee's appeals, directing the AO to grant the deduction under Section 80IB(10) of the Income Tax Act. The Tribunal found that the assessee was engaged in the development and construction of housing projects, not acting as a contractor/agent. Additionally, the Tribunal held that the amendment to Section 80IB(10) was not applicable retrospectively to the project approved before the amendment date. Consequently, the assessee was entitled to the deduction for the relevant assessment years, overturning the decisions of the lower authorities. Case-Laws Income Tax Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263938