https://www.taxtmi.com/caselaws?id=176957 The Tribunal upheld the Ld. CIT(A)'s decision, affirming the assessee's entitlement to deduction under section 80IB(10) for the housing project "Bhujbal Township." It was determined that the plot of land exceeded one acre, and the assessee had full ownership rights despite acquiring development rights through an agreement. The Tribunal ruled in favor of the assessee, allowing the deduction based on the percentage completion method, with a condition that non-completion within the specified period would result in withdrawal of the deduction. en-us Mon, 25 Feb 2013 00:00:00 +0530 Thu, 31 Dec 2015 16:33:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176957 The Tribunal upheld the Ld. CIT(A)'s decision, affirming the assessee's entitlement to deduction under section 80IB(10) for the housing project "Bhujbal Township." It was determined that the plot of land exceeded one acre, and the assessee had full ownership rights despite acquiring development rights through an agreement. The Tribunal ruled in favor of the assessee, allowing the deduction based on the percentage completion method, with a condition that non-completion within the specified period would result in withdrawal of the deduction. Case-Laws Income Tax Mon, 25 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176957