https://www.taxtmi.com/caselaws?id=364104 The court upheld the decision that balconies raised in housing developments exceeding 1000 sq. ft. each are not considered for relief under Section 80IB(10)(c) of the Income Tax Act. It determined that project commencement under the same section should be based on actual development rather than local authority approval. The court dismissed the Revenue's appeal, emphasizing the importance of actual construction activities in interpreting tax provisions and clarifying eligibility criteria for tax relief under Section 80IB(10)(c). en-us Tue, 15 May 2018 00:00:00 +0530 Thu, 19 Jul 2018 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364104 The court upheld the decision that balconies raised in housing developments exceeding 1000 sq. ft. each are not considered for relief under Section 80IB(10)(c) of the Income Tax Act. It determined that project commencement under the same section should be based on actual development rather than local authority approval. The court dismissed the Revenue's appeal, emphasizing the importance of actual construction activities in interpreting tax provisions and clarifying eligibility criteria for tax relief under Section 80IB(10)(c). Case-Laws Income Tax Tue, 15 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364104