https://www.taxtmi.com/caselaws?id=351423 The court ruled in favor of the assessee, dismissing the appeals and upholding the ITAT's decision to support the CIT(A)'s order. The court concluded that open terraces should not be included in the built-up area for the purpose of claiming deduction under section 80IB(10) of the Income Tax Act, 1961. The tribunal's finding that terraces are distinct from balconies and should not be considered part of the built-up area was supported by various legal precedents, resulting in the deletion of the addition made by the Assessing Officer. en-us Tue, 14 Nov 2017 00:00:00 +0530 Fri, 24 Nov 2017 06:29:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351423 The court ruled in favor of the assessee, dismissing the appeals and upholding the ITAT's decision to support the CIT(A)'s order. The court concluded that open terraces should not be included in the built-up area for the purpose of claiming deduction under section 80IB(10) of the Income Tax Act, 1961. The tribunal's finding that terraces are distinct from balconies and should not be considered part of the built-up area was supported by various legal precedents, resulting in the deletion of the addition made by the Assessing Officer. Case-Laws Income Tax Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351423