https://www.taxtmi.com/caselaws?id=354241 The Tribunal dismissed the Revenue's appeal, confirming the assessee's eligibility for deduction under Section 80IB(10) of the Income Tax Act. It was determined that the assessee actively participated in the housing project development, refuting claims that the deduction should be claimed by the Joint Venture (JV). The Tribunal upheld that individual members, including the assessee, were entitled to the deduction, emphasizing that taxing the same income in the hands of the JV would lead to double taxation, which is impermissible. en-us Wed, 10 Jan 2018 00:00:00 +0530 Sun, 21 Jan 2018 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354241 The Tribunal dismissed the Revenue's appeal, confirming the assessee's eligibility for deduction under Section 80IB(10) of the Income Tax Act. It was determined that the assessee actively participated in the housing project development, refuting claims that the deduction should be claimed by the Joint Venture (JV). The Tribunal upheld that individual members, including the assessee, were entitled to the deduction, emphasizing that taxing the same income in the hands of the JV would lead to double taxation, which is impermissible. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354241