https://www.taxtmi.com/caselaws?id=198210 The Tribunal ruled in favor of the assessee regarding the disallowance of deduction under section 80-IB(10) for the housing project "Shri Vijaya Rengam" for the assessment years 2004-05 to 2007-08. The Tribunal held that the assessee, as the developer, did not need to be the landowner to claim the deduction and that certain restrictions imposed by the Assessing Officer were unjustified. The Tribunal directed the Assessing Officer to grant the deduction claimed by the assessee. Additionally, the Tribunal upheld the CIT(Appeals) decision to scale down the addition of unaccounted cash receipts for specific services and extra work to 8% of the receipts, dismissing the Revenue's appeals for all years. en-us Thu, 11 Apr 2013 00:00:00 +0530 Thu, 25 Jan 2018 11:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198210 The Tribunal ruled in favor of the assessee regarding the disallowance of deduction under section 80-IB(10) for the housing project "Shri Vijaya Rengam" for the assessment years 2004-05 to 2007-08. The Tribunal held that the assessee, as the developer, did not need to be the landowner to claim the deduction and that certain restrictions imposed by the Assessing Officer were unjustified. The Tribunal directed the Assessing Officer to grant the deduction claimed by the assessee. Additionally, the Tribunal upheld the CIT(Appeals) decision to scale down the addition of unaccounted cash receipts for specific services and extra work to 8% of the receipts, dismissing the Revenue's appeals for all years. Case-Laws Income Tax Thu, 11 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198210