https://www.taxtmi.com/caselaws?id=180575 The Tribunal held that if the total built-up area exceeds 1500 sq. ft. per unit after including portico and balcony, the assessee is not entitled to deduction under section 80IB of the Income-tax Act. The Tribunal upheld the order of the CIT(A) on this issue based on statutory language and legislative intent. The Tribunal dismissed the appeals of both assessees as the deduction under section 80IB was not allowable, rendering the issue of working eligible deduction under section 80IB(10) academic and infructuous. en-us Thu, 22 Mar 2012 00:00:00 +0530 Wed, 30 Mar 2016 10:04:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180575 The Tribunal held that if the total built-up area exceeds 1500 sq. ft. per unit after including portico and balcony, the assessee is not entitled to deduction under section 80IB of the Income-tax Act. The Tribunal upheld the order of the CIT(A) on this issue based on statutory language and legislative intent. The Tribunal dismissed the appeals of both assessees as the deduction under section 80IB was not allowable, rendering the issue of working eligible deduction under section 80IB(10) academic and infructuous. Case-Laws Income Tax Thu, 22 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180575