https://www.taxtmi.com/caselaws?id=284582 The High Court dismissed the Revenue's appeal and upheld the Tribunal's decision, allowing deduction under Section 80IB(10) on a pro-rata basis for compliant residential units in a housing project with both commercial and residential units. The Court emphasized a broad interpretation of "housing project," stating that post-purchase conversion of units to commercial use did not impact eligibility for deduction. The decision reinforced granting proportionate relief for partial compliance with Section 80IB(10) conditions. en-us Mon, 08 Oct 2012 00:00:00 +0530 Sat, 18 Mar 2023 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284582 The High Court dismissed the Revenue's appeal and upheld the Tribunal's decision, allowing deduction under Section 80IB(10) on a pro-rata basis for compliant residential units in a housing project with both commercial and residential units. The Court emphasized a broad interpretation of "housing project," stating that post-purchase conversion of units to commercial use did not impact eligibility for deduction. The decision reinforced granting proportionate relief for partial compliance with Section 80IB(10) conditions. Case-Laws Income Tax Mon, 08 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284582