https://www.taxtmi.com/caselaws?id=186004 The Tribunal upheld the CIT(A)'s decision to allow the deduction under section 80IB(10) for profit derived from the sale of unutilized FSI, emphasizing that full utilization of FSI is not a requirement. The Tribunal also ruled that ownership of the land is not necessary for claiming the deduction and that the entity developing the housing project qualifies for the deduction. The Tribunal dismissed the Revenue's appeal, affirming the allowance of the deduction under section 80IB(10) based on compliance with the prescribed conditions. en-us Fri, 13 Jul 2012 00:00:00 +0530 Mon, 05 Sep 2016 15:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186004 The Tribunal upheld the CIT(A)'s decision to allow the deduction under section 80IB(10) for profit derived from the sale of unutilized FSI, emphasizing that full utilization of FSI is not a requirement. The Tribunal also ruled that ownership of the land is not necessary for claiming the deduction and that the entity developing the housing project qualifies for the deduction. The Tribunal dismissed the Revenue's appeal, affirming the allowance of the deduction under section 80IB(10) based on compliance with the prescribed conditions. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186004