https://www.taxtmi.com/caselaws?id=327331 The appeal challenging the order of the ld.CIT under section 263 for disallowance under section 80IB(10) was successful. The court ruled in favor of the assessee, holding that the disallowance of deduction under section 80IB(10) due to exceeding commercial space was not justified. The interpretation of section 80IB(10) regarding commercial construction in housing projects was crucial, and the court supported the assessee's claim for deduction. Additionally, the court clarified that projects approved before 31.3.2005 but completed after 1.4.2005 were not subject to section 80IB(10)(d), leading to the restoration of the assessment order. en-us Thu, 17 Mar 2016 00:00:00 +0530 Fri, 06 May 2016 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327331 The appeal challenging the order of the ld.CIT under section 263 for disallowance under section 80IB(10) was successful. The court ruled in favor of the assessee, holding that the disallowance of deduction under section 80IB(10) due to exceeding commercial space was not justified. The interpretation of section 80IB(10) regarding commercial construction in housing projects was crucial, and the court supported the assessee's claim for deduction. Additionally, the court clarified that projects approved before 31.3.2005 but completed after 1.4.2005 were not subject to section 80IB(10)(d), leading to the restoration of the assessment order. Case-Laws Income Tax Thu, 17 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327331