https://www.taxtmi.com/caselaws?id=328469 The Tribunal upheld the CIT(A)'s decision in favor of the Assessee, dismissing the AO's appeal regarding the deduction u/s. 80IB(10) of the Income Tax Act. The Tribunal emphasized interpreting the proviso liberally to support socio-economic objectives and not impede genuine claims by developers in approved slum projects. It highlighted the importance of not imposing restrictive time limits. The decision aligned with a previous order and was pronounced on 30th May 2016, affirming the Assessee's entitlement to the deduction. en-us Mon, 30 May 2016 00:00:00 +0530 Sat, 04 Jun 2016 14:29:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328469 The Tribunal upheld the CIT(A)'s decision in favor of the Assessee, dismissing the AO's appeal regarding the deduction u/s. 80IB(10) of the Income Tax Act. The Tribunal emphasized interpreting the proviso liberally to support socio-economic objectives and not impede genuine claims by developers in approved slum projects. It highlighted the importance of not imposing restrictive time limits. The decision aligned with a previous order and was pronounced on 30th May 2016, affirming the Assessee's entitlement to the deduction. Case-Laws Income Tax Mon, 30 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328469