https://www.taxtmi.com/caselaws?id=346467 The Tribunal upheld the CIT(A)'s decision allowing proportionate deduction under section 80IB(10) for a housing project, following a High Court ruling permitting deductions for blocks with units below 1500 sq.ft. The Tribunal dismissed the Revenue's appeal. Additionally, the Tribunal allowed the appeal regarding disallowance of donations not claimed in relevant assessment years, emphasized the need to establish a nexus for interest expenditure, and dismissed the claim of capital loss on property sale. The judgment provided detailed reasoning and directions for each issue, ensuring a comprehensive resolution of the disputes. en-us Mon, 10 Jul 2017 00:00:00 +0530 Wed, 16 Aug 2017 08:28:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346467 The Tribunal upheld the CIT(A)'s decision allowing proportionate deduction under section 80IB(10) for a housing project, following a High Court ruling permitting deductions for blocks with units below 1500 sq.ft. The Tribunal dismissed the Revenue's appeal. Additionally, the Tribunal allowed the appeal regarding disallowance of donations not claimed in relevant assessment years, emphasized the need to establish a nexus for interest expenditure, and dismissed the claim of capital loss on property sale. The judgment provided detailed reasoning and directions for each issue, ensuring a comprehensive resolution of the disputes. Case-Laws Income Tax Mon, 10 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346467