https://www.taxtmi.com/caselaws?id=190124 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) that the assessee qualified as the owner and developer of the project for the purpose of claiming deduction under section 80IB(10) of the Income Tax Act. It was clarified that the actual "built-up area" of residential units, excluding common areas, remained below the 1500 sq.ft. limit, making the assessee eligible for the deduction. The Tribunal emphasized that ownership of the land alone was not a requirement for claiming the deduction and affirmed the assessee's entitlement to the deduction for the relevant assessment year. en-us Wed, 26 Feb 2014 00:00:00 +0530 Mon, 06 Feb 2017 19:21:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190124 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) that the assessee qualified as the owner and developer of the project for the purpose of claiming deduction under section 80IB(10) of the Income Tax Act. It was clarified that the actual "built-up area" of residential units, excluding common areas, remained below the 1500 sq.ft. limit, making the assessee eligible for the deduction. The Tribunal emphasized that ownership of the land alone was not a requirement for claiming the deduction and affirmed the assessee's entitlement to the deduction for the relevant assessment year. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190124