https://www.taxtmi.com/caselaws?id=271990 The Tribunal dismissed the Revenue's appeal challenging the allowance of deduction under section 80IB(10) for the housing project 'Kumar Primavera'. The CIT(A)'s decision to categorize buildings A-1 and A-2 as Phase-I and buildings A-3 to A-8 as Phase-II was upheld, affirming the eligibility of the assessee for the deduction. Additionally, the Tribunal allowed the assessee's Cross Objection regarding revenue recognition for 25 flats, holding that the profit from these flats qualified for the deduction under section 80IB(10). en-us Fri, 15 Jan 2016 00:00:00 +0530 Wed, 24 Feb 2016 07:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271990 The Tribunal dismissed the Revenue's appeal challenging the allowance of deduction under section 80IB(10) for the housing project 'Kumar Primavera'. The CIT(A)'s decision to categorize buildings A-1 and A-2 as Phase-I and buildings A-3 to A-8 as Phase-II was upheld, affirming the eligibility of the assessee for the deduction. Additionally, the Tribunal allowed the assessee's Cross Objection regarding revenue recognition for 25 flats, holding that the profit from these flats qualified for the deduction under section 80IB(10). Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271990