https://www.taxtmi.com/caselaws?id=284397 The Court dismissed the Revenue's appeal regarding the interpretation of Section 80IB [10] of the Income-tax Act, 1961 in a housing development project. It held that the disallowance of deduction should be limited to specific units not meeting prescribed conditions, rather than applying to the entire project. The Court noted that only one unit marginally exceeded the area limit, leading to the dismissal of the appeal. en-us Mon, 09 Apr 2018 00:00:00 +0530 Sat, 16 Nov 2019 10:33:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284397 The Court dismissed the Revenue's appeal regarding the interpretation of Section 80IB [10] of the Income-tax Act, 1961 in a housing development project. It held that the disallowance of deduction should be limited to specific units not meeting prescribed conditions, rather than applying to the entire project. The Court noted that only one unit marginally exceeded the area limit, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284397