https://www.taxtmi.com/caselaws?id=341276 The Tribunal upheld the CIT(A)'s decision, allowing a proportionate deduction under Section 80IB(10) for the part of the housing project that met the conditions. It dismissed the Revenue's appeals, emphasizing that procedural lapses were not enough to deny the deduction. The Tribunal highlighted the purpose of Section 80IB(10) to promote housing projects and affirmed that if a portion of the project complies with statutory conditions, a proportionate deduction should be granted. en-us Mon, 03 Apr 2017 00:00:00 +0530 Wed, 05 Apr 2017 07:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341276 The Tribunal upheld the CIT(A)'s decision, allowing a proportionate deduction under Section 80IB(10) for the part of the housing project that met the conditions. It dismissed the Revenue's appeals, emphasizing that procedural lapses were not enough to deny the deduction. The Tribunal highlighted the purpose of Section 80IB(10) to promote housing projects and affirmed that if a portion of the project complies with statutory conditions, a proportionate deduction should be granted. Case-Laws Income Tax Mon, 03 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341276