https://www.taxtmi.com/caselaws?id=186939 The Tribunal upheld the CIT(A)'s decision regarding the housing project "Prakruti Park" for deduction u/s 80IB(10), stating that the project approval date was 21.09.2004, ensuring compliance with the completion deadline. The issue of land ownership was dismissed, as it was not raised by the AO or in the CIT(A)'s order. The Tribunal affirmed the allowance of proportionate deduction for merged flats exceeding the area limit, following the Calcutta Bench's precedent. Both the revenue's appeal and the assessee's cross-objection were rejected, and the CIT(A)'s decision was upheld in its entirety. en-us Fri, 29 Apr 2011 00:00:00 +0530 Tue, 04 Oct 2016 18:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186939 The Tribunal upheld the CIT(A)'s decision regarding the housing project "Prakruti Park" for deduction u/s 80IB(10), stating that the project approval date was 21.09.2004, ensuring compliance with the completion deadline. The issue of land ownership was dismissed, as it was not raised by the AO or in the CIT(A)'s order. The Tribunal affirmed the allowance of proportionate deduction for merged flats exceeding the area limit, following the Calcutta Bench's precedent. Both the revenue's appeal and the assessee's cross-objection were rejected, and the CIT(A)'s decision was upheld in its entirety. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186939