https://www.taxtmi.com/caselaws?id=278316 Deduction under section 80IB(10) was considered for housing projects where completion certificates were issued late by the local authority and the projects contained commercial area. The projects were treated as separate and independent, and the assessee had applied for completion or occupancy certificates in time, completed construction, and handed over possession in substance; the later certificate was treated as relating back to the date of application because the delay was beyond the assessee's control. The restriction on commercial area was held to be prospective and inapplicable to projects approved before 31 March 2005, and the assessee was also found compliant with the land ceiling condition. Deduction was therefore available. en-us Tue, 30 Jul 2013 00:00:00 +0530 Thu, 24 Jan 2019 17:13:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278316 Deduction under section 80IB(10) was considered for housing projects where completion certificates were issued late by the local authority and the projects contained commercial area. The projects were treated as separate and independent, and the assessee had applied for completion or occupancy certificates in time, completed construction, and handed over possession in substance; the later certificate was treated as relating back to the date of application because the delay was beyond the assessee's control. The restriction on commercial area was held to be prospective and inapplicable to projects approved before 31 March 2005, and the assessee was also found compliant with the land ceiling condition. Deduction was therefore available. Case-Laws Income Tax Tue, 30 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278316