https://www.taxtmi.com/caselaws?id=381803 The High Court upheld the decisions of the CIT (Appeals) and the ITAT, ruling in favor of the assessee's eligibility for a deduction under Section 80IB(10) of the Income Tax Act, 1961. The Court emphasized that the projects, comprising row houses and residential flats, could be treated separately for tax benefits. It was held that combining the projects would go against the legislative intent of promoting housing for lower and middle-income groups. The Revenue's appeal was dismissed, affirming the assessee's entitlement to the deduction. en-us Tue, 11 Jun 2019 00:00:00 +0530 Wed, 19 Jun 2019 06:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381803 The High Court upheld the decisions of the CIT (Appeals) and the ITAT, ruling in favor of the assessee's eligibility for a deduction under Section 80IB(10) of the Income Tax Act, 1961. The Court emphasized that the projects, comprising row houses and residential flats, could be treated separately for tax benefits. It was held that combining the projects would go against the legislative intent of promoting housing for lower and middle-income groups. The Revenue's appeal was dismissed, affirming the assessee's entitlement to the deduction. Case-Laws Income Tax Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381803