https://www.taxtmi.com/caselaws?id=335856 The High Court dismissed the Tax Appeal by the Revenue, holding that the delay in Building Use Permission issuance did not impact the eligibility for deduction under Section 80IB of the Income-tax Act. The court emphasized that project completion before the deadline was crucial for claiming tax benefits, regardless of the BU Permission date. The court also ruled in favor of the assessee regarding the disallowance of deduction due to unit sales to family members, affirming the eligibility for the deduction as claimed. en-us Tue, 06 Dec 2016 00:00:00 +0530 Sun, 11 Dec 2016 23:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335856 The High Court dismissed the Tax Appeal by the Revenue, holding that the delay in Building Use Permission issuance did not impact the eligibility for deduction under Section 80IB of the Income-tax Act. The court emphasized that project completion before the deadline was crucial for claiming tax benefits, regardless of the BU Permission date. The court also ruled in favor of the assessee regarding the disallowance of deduction due to unit sales to family members, affirming the eligibility for the deduction as claimed. Case-Laws Income Tax Tue, 06 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335856