https://www.taxtmi.com/caselaws?id=198300 The ITAT upheld the CIT(A)'s decision, following the precedent set by the Hon'ble Bombay High Court in a similar case. The court ruled that the deduction under section 80IB(10) is permissible for housing projects approved by local authorities, allowing commercial use within the limits set by regulations, regardless of the project's specific classification. The Revenue's appeals were rejected, affirming the assessee's entitlement to the deduction under section 80IB(10). en-us Fri, 06 May 2011 00:00:00 +0530 Mon, 29 Jan 2018 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198300 The ITAT upheld the CIT(A)'s decision, following the precedent set by the Hon'ble Bombay High Court in a similar case. The court ruled that the deduction under section 80IB(10) is permissible for housing projects approved by local authorities, allowing commercial use within the limits set by regulations, regardless of the project's specific classification. The Revenue's appeals were rejected, affirming the assessee's entitlement to the deduction under section 80IB(10). Case-Laws Income Tax Fri, 06 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198300