https://www.taxtmi.com/caselaws?id=337739 The Tribunal interpreted Section 80IB(10) of the Income Tax Act, allowing deduction for projects exceeding the commercial area limit but approved before 1.4.2005. It clarified eligibility for specific building numbers and accepted audit reports during assessment. Balcony, terrace, and garden areas were excluded from the built-up area. Deduction for amenities regularized post-construction was permitted. The High Court admitted appeals on prorata basis entitlement and deduction for incomplete construction, directing further proceedings and consolidation with related appeals. en-us Mon, 09 Jan 2017 00:00:00 +0530 Mon, 16 Jan 2017 08:25:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337739 The Tribunal interpreted Section 80IB(10) of the Income Tax Act, allowing deduction for projects exceeding the commercial area limit but approved before 1.4.2005. It clarified eligibility for specific building numbers and accepted audit reports during assessment. Balcony, terrace, and garden areas were excluded from the built-up area. Deduction for amenities regularized post-construction was permitted. The High Court admitted appeals on prorata basis entitlement and deduction for incomplete construction, directing further proceedings and consolidation with related appeals. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337739