https://www.taxtmi.com/caselaws?id=193198 The Tribunal held that the invocation of revisional jurisdiction under Section 263 by the Commissioner of Income Tax was not justified as the Assessing Officer had properly examined and allowed the deductions claimed by the assessee under Section 80IB(10). The Tribunal upheld the eligibility of the assessee for deductions under Section 80IB(10) for specific buildings within the housing project, rejecting the CIT's argument to consider all buildings. Additionally, the inclusion of commercial establishments exceeding the limit and completion of the project within the stipulated time did not warrant disallowance of the deduction. The Tribunal ruled in favor of the assessee, setting aside the CIT's order and allowing the deductions claimed. en-us Tue, 05 Apr 2016 00:00:00 +0530 Mon, 17 Jul 2017 09:47:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193198 The Tribunal held that the invocation of revisional jurisdiction under Section 263 by the Commissioner of Income Tax was not justified as the Assessing Officer had properly examined and allowed the deductions claimed by the assessee under Section 80IB(10). The Tribunal upheld the eligibility of the assessee for deductions under Section 80IB(10) for specific buildings within the housing project, rejecting the CIT's argument to consider all buildings. Additionally, the inclusion of commercial establishments exceeding the limit and completion of the project within the stipulated time did not warrant disallowance of the deduction. The Tribunal ruled in favor of the assessee, setting aside the CIT's order and allowing the deductions claimed. Case-Laws Income Tax Tue, 05 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193198