https://www.taxtmi.com/caselaws?id=332034 The High Court affirmed that the real estate developments, Omaxe Grandwoods (GH-03) Noida and Omaxe Palm Greens-I, Greater Noida, qualified as separate housing projects eligible for deduction under Section 80IB(10) of the Income Tax Act, 1961. The court held that these projects were standalone housing developments with distinct plots and common facilities, meeting the Act's conditions independently. The court rejected the Revenue's argument that the entire project needed to comply with Section 80IB(10) criteria, emphasizing the self-sufficiency of the projects. The appeals were dismissed as no substantial legal issues were identified. en-us Fri, 20 May 2016 00:00:00 +0530 Thu, 08 Sep 2016 19:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332034 The High Court affirmed that the real estate developments, Omaxe Grandwoods (GH-03) Noida and Omaxe Palm Greens-I, Greater Noida, qualified as separate housing projects eligible for deduction under Section 80IB(10) of the Income Tax Act, 1961. The court held that these projects were standalone housing developments with distinct plots and common facilities, meeting the Act's conditions independently. The court rejected the Revenue's argument that the entire project needed to comply with Section 80IB(10) criteria, emphasizing the self-sufficiency of the projects. The appeals were dismissed as no substantial legal issues were identified. Case-Laws Income Tax Fri, 20 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332034