https://www.taxtmi.com/caselaws?id=180554 The Tribunal dismissed the Revenue's appeal, upholding the allowance of deduction under section 80IB(10) for a housing project. The Tribunal found that the project commenced before the amendment to the section came into effect, thus entitling the assessee to the deduction. The decision was based on the principle established in the case law of CIT vs. Brahma Associates, determining that the amendment was prospective in operation. Therefore, the assessee was granted the deduction, and the Revenue's challenge was rejected. en-us Wed, 27 Apr 2011 00:00:00 +0530 Tue, 29 Mar 2016 15:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180554 The Tribunal dismissed the Revenue's appeal, upholding the allowance of deduction under section 80IB(10) for a housing project. The Tribunal found that the project commenced before the amendment to the section came into effect, thus entitling the assessee to the deduction. The decision was based on the principle established in the case law of CIT vs. Brahma Associates, determining that the amendment was prospective in operation. Therefore, the assessee was granted the deduction, and the Revenue's challenge was rejected. Case-Laws Income Tax Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180554