https://www.taxtmi.com/caselaws?id=360595 The High Court ruled in favor of the Revenue, setting aside the Tribunal's decision. It held that the assessee could not claim a deduction under section 80IB(10) for profits from the sale of unutilized FSI. The Court rejected the approach of dividing total construction by permissible FSI to determine developed land area. The appeals were disposed of accordingly. en-us Mon, 05 Mar 2018 00:00:00 +0530 Sat, 19 May 2018 15:06:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360595 The High Court ruled in favor of the Revenue, setting aside the Tribunal's decision. It held that the assessee could not claim a deduction under section 80IB(10) for profits from the sale of unutilized FSI. The Court rejected the approach of dividing total construction by permissible FSI to determine developed land area. The appeals were disposed of accordingly. Case-Laws Income Tax Mon, 05 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360595