https://www.taxtmi.com/caselaws?id=378941 The High Court of Bombay upheld the Income Tax Tribunal's decision to allow a deduction under Section 80IB for a housing development project undertaken by the assessee in collaboration with the Slum Rehabilitation Authority. The Court emphasized that the project qualified for the deduction as it fell under the government scheme for slum redevelopment, exempting it from certain criteria outlined in Section 80IB(10) of the Income Tax Act. The Court dismissed the appeal, affirming the assessee's eligibility for the deduction based on compliance with legal provisions and relevant notifications. en-us Thu, 07 Mar 2019 00:00:00 +0530 Tue, 23 Apr 2019 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378941 The High Court of Bombay upheld the Income Tax Tribunal's decision to allow a deduction under Section 80IB for a housing development project undertaken by the assessee in collaboration with the Slum Rehabilitation Authority. The Court emphasized that the project qualified for the deduction as it fell under the government scheme for slum redevelopment, exempting it from certain criteria outlined in Section 80IB(10) of the Income Tax Act. The Court dismissed the appeal, affirming the assessee's eligibility for the deduction based on compliance with legal provisions and relevant notifications. Case-Laws Income Tax Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378941