https://www.taxtmi.com/caselaws?id=359681 The Tribunal ruled in favor of the Assessee, allowing deductions under section 80-IB(10) for eligible units within Project Vista despite non-compliance with certain conditions. The Tribunal upheld the use of Project Completion Method over Percentage Completion Method for accounting purposes. It also permitted deductions for units exceeding 1000 sq. ft. by excluding open-to-sky balconies from built-up area calculations. The Tribunal remanded the issue of unit measurements for further examination. The Revenue's appeal was dismissed, and the Assessee's appeals were partly allowed. en-us Thu, 26 Apr 2018 00:00:00 +0530 Thu, 03 May 2018 06:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359681 The Tribunal ruled in favor of the Assessee, allowing deductions under section 80-IB(10) for eligible units within Project Vista despite non-compliance with certain conditions. The Tribunal upheld the use of Project Completion Method over Percentage Completion Method for accounting purposes. It also permitted deductions for units exceeding 1000 sq. ft. by excluding open-to-sky balconies from built-up area calculations. The Tribunal remanded the issue of unit measurements for further examination. The Revenue's appeal was dismissed, and the Assessee's appeals were partly allowed. Case-Laws Income Tax Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359681