https://www.taxtmi.com/caselaws?id=186553 The Tribunal vacated the CIT's order and restored the AO's assessment, except for the disallowance of deduction for units exceeding the built-up area limit. The appeals were partly allowed, with the Tribunal finding that the assessee was entitled to proportionate deduction for eligible units and had complied with the conditions for deduction under section 80IB(10) for housing projects. The AO's assessment was deemed erroneous and prejudicial to revenue due to inadequate verification of the deduction conditions, as per court precedents cited. en-us Fri, 12 Jun 2009 00:00:00 +0530 Thu, 22 Sep 2016 15:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186553 The Tribunal vacated the CIT's order and restored the AO's assessment, except for the disallowance of deduction for units exceeding the built-up area limit. The appeals were partly allowed, with the Tribunal finding that the assessee was entitled to proportionate deduction for eligible units and had complied with the conditions for deduction under section 80IB(10) for housing projects. The AO's assessment was deemed erroneous and prejudicial to revenue due to inadequate verification of the deduction conditions, as per court precedents cited. Case-Laws Income Tax Fri, 12 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186553