https://www.taxtmi.com/caselaws?id=386597 The High Court ruled in favor of the appellant-assessee, holding that income derived from the development of a housing project, including charges for AEC, AUDA, and legal charges, is eligible for deduction under Section 80IB(10) of the Income Tax Act. The Court overturned the decision of the Income Tax Appellate Tribunal (ITAT) and affirmed the order of the Commissioner of Income Tax (Appeals) allowing the deduction. The Court emphasized that the ITAT should have examined the facts on record instead of remitting the matter back to the Assessing Officer, ultimately deciding in favor of the appellant on all three substantial legal questions. en-us Tue, 06 Aug 2019 00:00:00 +0530 Thu, 03 Oct 2019 07:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386597 The High Court ruled in favor of the appellant-assessee, holding that income derived from the development of a housing project, including charges for AEC, AUDA, and legal charges, is eligible for deduction under Section 80IB(10) of the Income Tax Act. The Court overturned the decision of the Income Tax Appellate Tribunal (ITAT) and affirmed the order of the Commissioner of Income Tax (Appeals) allowing the deduction. The Court emphasized that the ITAT should have examined the facts on record instead of remitting the matter back to the Assessing Officer, ultimately deciding in favor of the appellant on all three substantial legal questions. Case-Laws Income Tax Tue, 06 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386597