https://www.taxtmi.com/caselaws?id=267532 The Court ruled in favor of the Respondent-Assessee in an appeal challenging the application of Section 80IB(14)(a) of the Income Tax Act, 1961 to a Housing Project in Pune sanctioned before 1st April, 2005. The Court held that the provision could not be applied retroactively to projects approved before the relevant amendment, citing a specific case and Apex Court decision. Additionally, it was determined that the Tribunal's order was based on a comprehensive evaluation of all relevant facts and evidence, leading to the dismissal of the Revenue's appeal without costs. en-us Mon, 27 Jul 2015 00:00:00 +0530 Mon, 09 Nov 2015 10:08:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267532 The Court ruled in favor of the Respondent-Assessee in an appeal challenging the application of Section 80IB(14)(a) of the Income Tax Act, 1961 to a Housing Project in Pune sanctioned before 1st April, 2005. The Court held that the provision could not be applied retroactively to projects approved before the relevant amendment, citing a specific case and Apex Court decision. Additionally, it was determined that the Tribunal's order was based on a comprehensive evaluation of all relevant facts and evidence, leading to the dismissal of the Revenue's appeal without costs. Case-Laws Income Tax Mon, 27 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267532