https://www.taxtmi.com/caselaws?id=325136 The Tribunal upheld the denial of relief under Section 80IB(10) of the Income Tax Act due to the built-up area exceeding the limit of 1,500 sq. ft. in the projects. It also confirmed the deletion of disallowances under Section 14A, as there was no nexus between borrowings and investments generating exempt income. Consequently, the Tribunal dismissed both the assessees' and the Revenue's appeals. en-us Fri, 29 Jan 2016 00:00:00 +0530 Fri, 11 Mar 2016 11:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325136 The Tribunal upheld the denial of relief under Section 80IB(10) of the Income Tax Act due to the built-up area exceeding the limit of 1,500 sq. ft. in the projects. It also confirmed the deletion of disallowances under Section 14A, as there was no nexus between borrowings and investments generating exempt income. Consequently, the Tribunal dismissed both the assessees' and the Revenue's appeals. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325136