https://www.taxtmi.com/caselaws?id=336229 The High Court upheld the Tribunal's decision, allowing the deduction under Section 80IB of the Income-tax Act for a housing project despite a delay in the Building Use Permission for one tower. The Court emphasized that the project's substantial completion before the deadline was pivotal for eligibility, following a precedent allowing deductions for completed units even if permissions were granted later. The Revenue's appeal was dismissed, affirming the assessee's entitlement to the claimed deduction under Section 80IB. en-us Tue, 06 Dec 2016 00:00:00 +0530 Sat, 17 Dec 2016 18:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336229 The High Court upheld the Tribunal's decision, allowing the deduction under Section 80IB of the Income-tax Act for a housing project despite a delay in the Building Use Permission for one tower. The Court emphasized that the project's substantial completion before the deadline was pivotal for eligibility, following a precedent allowing deductions for completed units even if permissions were granted later. The Revenue's appeal was dismissed, affirming the assessee's entitlement to the claimed deduction under Section 80IB. Case-Laws Income Tax Tue, 06 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336229