https://www.taxtmi.com/caselaws?id=341560 The court ruled that for projects approved before 01.04.2005, the built-up area should not include the terrace/balcony for Section 80-IB(10) deduction. The completion of the housing project within the stipulated period was found mandatory, and the inclusion of commercial establishments within the housing project was limited to 5% of the aggregate built-up area or 2000 sq. ft. The amendments to Section 80-IB(10) were held to be prospective, not retrospective. The Tribunal's judgments were partly allowed, remanding the matter for further consideration of compliance with Section 80-IB(10)(a) and eligibility for deduction. en-us Fri, 07 Apr 2017 00:00:00 +0530 Tue, 01 Aug 2017 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341560 The court ruled that for projects approved before 01.04.2005, the built-up area should not include the terrace/balcony for Section 80-IB(10) deduction. The completion of the housing project within the stipulated period was found mandatory, and the inclusion of commercial establishments within the housing project was limited to 5% of the aggregate built-up area or 2000 sq. ft. The amendments to Section 80-IB(10) were held to be prospective, not retrospective. The Tribunal's judgments were partly allowed, remanding the matter for further consideration of compliance with Section 80-IB(10)(a) and eligibility for deduction. Case-Laws Income Tax Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341560