https://www.taxtmi.com/caselaws?id=189251 The Tribunal affirmed the decision of the CIT(A) that the open terrace should not be included in the built-up area calculation, allowing the assessee's eligibility for deduction under section 80IB(10) of the Income Tax Act, 1961. The appeals by the revenue were dismissed as the built-up area of the residential units, excluding the open terrace, did not exceed the prescribed limit of 1500 sq. ft. Various case laws were cited to support the conclusion that the open terrace is not part of the built-up area. en-us Thu, 08 Sep 2016 00:00:00 +0530 Tue, 03 Jan 2017 09:47:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189251 The Tribunal affirmed the decision of the CIT(A) that the open terrace should not be included in the built-up area calculation, allowing the assessee's eligibility for deduction under section 80IB(10) of the Income Tax Act, 1961. The appeals by the revenue were dismissed as the built-up area of the residential units, excluding the open terrace, did not exceed the prescribed limit of 1500 sq. ft. Various case laws were cited to support the conclusion that the open terrace is not part of the built-up area. Case-Laws Income Tax Thu, 08 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189251