https://www.taxtmi.com/caselaws?id=278343 The Tribunal upheld the CIT(A)'s decision to allow pro-rata deduction for completed Buildings B and C under section 80IB(10) of the Income Tax Act. The Tribunal emphasized that proportionate deduction could be granted for eligible units within a housing project, citing various judicial precedents supporting this interpretation. The appeal by the Revenue was dismissed, affirming the allowance of deduction based on completed units despite the incomplete status of Building A. en-us Fri, 27 May 2016 00:00:00 +0530 Mon, 28 Jan 2019 06:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278343 The Tribunal upheld the CIT(A)'s decision to allow pro-rata deduction for completed Buildings B and C under section 80IB(10) of the Income Tax Act. The Tribunal emphasized that proportionate deduction could be granted for eligible units within a housing project, citing various judicial precedents supporting this interpretation. The appeal by the Revenue was dismissed, affirming the allowance of deduction based on completed units despite the incomplete status of Building A. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278343