https://www.taxtmi.com/caselaws?id=325269 The case involved disputes over deductions under sections 80IB and 80IB(10) of the Income Tax Act for a real estate project. The Assessee's appeal challenged deduction restrictions, while the Revenue questioned eligibility due to delayed permissions. The Assessing Officer disallowed deductions for non-compliance and estimated income. The Commissioner partially allowed the deduction but disagreed with income estimation. The Tribunal upheld deduction eligibility based on project permissions and remanded issues for further examination. Both appeals were remanded for reconsideration. Ultimately, both parties' appeals were allowed for statistical purposes, emphasizing the need for proper documentation and compliance with regulations for tax deductions. en-us Wed, 10 Feb 2016 00:00:00 +0530 Tue, 15 Mar 2016 13:58:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325269 The case involved disputes over deductions under sections 80IB and 80IB(10) of the Income Tax Act for a real estate project. The Assessee's appeal challenged deduction restrictions, while the Revenue questioned eligibility due to delayed permissions. The Assessing Officer disallowed deductions for non-compliance and estimated income. The Commissioner partially allowed the deduction but disagreed with income estimation. The Tribunal upheld deduction eligibility based on project permissions and remanded issues for further examination. Both appeals were remanded for reconsideration. Ultimately, both parties' appeals were allowed for statistical purposes, emphasizing the need for proper documentation and compliance with regulations for tax deductions. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325269