https://www.taxtmi.com/caselaws?id=178372 The Court ruled in favor of the assessee, allowing the appeal and confirming that the open terrace area should not be included in the built-up area for claiming deductions under Section 80-IB(10) of the Act. The Court rejected the Revenue's contention that ownership of the property was a prerequisite for claiming deductions under Section 80-IB(10). Consequently, the Revenue's appeal was dismissed, and the Tribunal's decision was upheld, providing clarity on the interpretation of statutory provisions for tax deductions in housing projects. en-us Fri, 02 Nov 2012 00:00:00 +0530 Wed, 24 Jan 2018 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178372 The Court ruled in favor of the assessee, allowing the appeal and confirming that the open terrace area should not be included in the built-up area for claiming deductions under Section 80-IB(10) of the Act. The Court rejected the Revenue's contention that ownership of the property was a prerequisite for claiming deductions under Section 80-IB(10). Consequently, the Revenue's appeal was dismissed, and the Tribunal's decision was upheld, providing clarity on the interpretation of statutory provisions for tax deductions in housing projects. Case-Laws Income Tax Fri, 02 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178372