https://www.taxtmi.com/caselaws?id=180514 The Tribunal upheld the deduction under section 80IB(10) for the "Maestros" and "Mistry Moor" projects, as well as for the "Rose Parade" project. However, the deduction for the "Lapiz Lazuli" project was denied due to the majority of flats exceeding the size limit. The Tribunal allowed pro-rata deduction for the "Lapiz Lazuli" project, directing the calculation and allowance of proportionate deduction for qualifying flats. The revenue's appeal was dismissed, while the assessee's appeal was partially allowed, resulting in the grant of pro-rata deduction for the "Lapiz Lazuli" project. en-us Fri, 23 Nov 2012 00:00:00 +0530 Mon, 28 Mar 2016 12:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180514 The Tribunal upheld the deduction under section 80IB(10) for the "Maestros" and "Mistry Moor" projects, as well as for the "Rose Parade" project. However, the deduction for the "Lapiz Lazuli" project was denied due to the majority of flats exceeding the size limit. The Tribunal allowed pro-rata deduction for the "Lapiz Lazuli" project, directing the calculation and allowance of proportionate deduction for qualifying flats. The revenue's appeal was dismissed, while the assessee's appeal was partially allowed, resulting in the grant of pro-rata deduction for the "Lapiz Lazuli" project. Case-Laws Income Tax Fri, 23 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180514