https://www.taxtmi.com/caselaws?id=181244 The appeal by the Revenue challenging the disallowance of deduction under section 80IB(10) for a housing project with commercial establishments named Ravindra Arcade was dismissed. The CIT(A)'s decision to allow the deduction for the entire project was upheld by the ITAT, considering the commercial shops' proportion within the housing project. Judicial precedents, including the case of Saroj Sales Organization, supported the allowance of deduction under section 80IB(10) for such projects. The High Court affirmed the ITAT's decision, dismissing the Revenue's appeal and maintaining the allowance of deduction for the housing project. en-us Thu, 07 Apr 2011 00:00:00 +0530 Mon, 11 Apr 2016 17:39:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181244 The appeal by the Revenue challenging the disallowance of deduction under section 80IB(10) for a housing project with commercial establishments named Ravindra Arcade was dismissed. The CIT(A)'s decision to allow the deduction for the entire project was upheld by the ITAT, considering the commercial shops' proportion within the housing project. Judicial precedents, including the case of Saroj Sales Organization, supported the allowance of deduction under section 80IB(10) for such projects. The High Court affirmed the ITAT's decision, dismissing the Revenue's appeal and maintaining the allowance of deduction for the housing project. Case-Laws Income Tax Thu, 07 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181244