https://www.taxtmi.com/caselaws?id=176537 The Tribunal held that construction of new buildings on vacant land constituted a new project, allowing the assessee to claim deduction under section 80IB(10). The High Court upheld this decision, emphasizing the distinction from prior projects. Regarding adjoining flats, treated as separate units, they were not considered as one unit for deduction purposes. The question of whether balcony and terrace are included in the built-up area was deemed irrelevant. The High Court admitted for consideration the eligibility for deduction based on obtaining a fresh commencement certificate after the transfer of development rights, recognizing its significance in determining eligibility. en-us Mon, 18 Feb 2013 00:00:00 +0530 Thu, 24 Dec 2015 10:10:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176537 The Tribunal held that construction of new buildings on vacant land constituted a new project, allowing the assessee to claim deduction under section 80IB(10). The High Court upheld this decision, emphasizing the distinction from prior projects. Regarding adjoining flats, treated as separate units, they were not considered as one unit for deduction purposes. The question of whether balcony and terrace are included in the built-up area was deemed irrelevant. The High Court admitted for consideration the eligibility for deduction based on obtaining a fresh commencement certificate after the transfer of development rights, recognizing its significance in determining eligibility. Case-Laws Income Tax Mon, 18 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176537