https://www.taxtmi.com/caselaws?id=193214 The appeal against the order under section 143(3) for the assessment year 2005-2006, regarding the deduction under section 80IB(10) of the Income Tax Act, 1961, was dismissed. The court upheld the decision of the CIT(A) allowing the deduction claim based on separate maintenance of accounts for commercial and residential projects, non-inclusion of commercial area for deduction purposes, and compliance with Section 80IB(10) conditions. The High Court ruling in CIT Vs. Brahma Associates supported this decision, emphasizing that the existence of commercial units in a project completed before 01-04-2005 does not impact the deduction claim. en-us Fri, 03 Aug 2012 00:00:00 +0530 Tue, 18 Jul 2017 17:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193214 The appeal against the order under section 143(3) for the assessment year 2005-2006, regarding the deduction under section 80IB(10) of the Income Tax Act, 1961, was dismissed. The court upheld the decision of the CIT(A) allowing the deduction claim based on separate maintenance of accounts for commercial and residential projects, non-inclusion of commercial area for deduction purposes, and compliance with Section 80IB(10) conditions. The High Court ruling in CIT Vs. Brahma Associates supported this decision, emphasizing that the existence of commercial units in a project completed before 01-04-2005 does not impact the deduction claim. Case-Laws Income Tax Fri, 03 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193214