https://www.taxtmi.com/caselaws?id=338690 The Court dismissed both appeals related to the interpretation and application of Section 80IB(10)(d) of the Income Tax Act. In the case of the 'Brahma Majestics' project for Assessment Year 2007-08, the Court upheld the Tribunal's decision, finding no substantial question of law. The Court also ruled in favor of the Tribunal's determination that the Commercial Units in the project exceeded the prescribed limit, emphasizing compliance with statutory provisions. Additionally, the Court rejected the Revenue's arguments regarding the deduction under Section 80IB(1) for the 'Brahma Avenue' project, based on factual findings and legal precedents, ultimately dismissing the appeal without costs. en-us Mon, 16 Jan 2017 00:00:00 +0530 Wed, 08 Feb 2017 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338690 The Court dismissed both appeals related to the interpretation and application of Section 80IB(10)(d) of the Income Tax Act. In the case of the 'Brahma Majestics' project for Assessment Year 2007-08, the Court upheld the Tribunal's decision, finding no substantial question of law. The Court also ruled in favor of the Tribunal's determination that the Commercial Units in the project exceeded the prescribed limit, emphasizing compliance with statutory provisions. Additionally, the Court rejected the Revenue's arguments regarding the deduction under Section 80IB(1) for the 'Brahma Avenue' project, based on factual findings and legal precedents, ultimately dismissing the appeal without costs. Case-Laws Income Tax Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338690