https://www.taxtmi.com/caselaws?id=394740 The Appellate Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 80IB(10) for a housing project developed by a partnership firm in Pune. The Tribunal determined that the approval granted by the District Collector constituted approval by a "Local Authority" as required by the Income Tax Act, based on relevant legal provisions and specific conditions in the approval letter. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the allowance of the deduction for the housing project. en-us Tue, 11 Feb 2020 00:00:00 +0530 Thu, 23 Apr 2020 10:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394740 The Appellate Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 80IB(10) for a housing project developed by a partnership firm in Pune. The Tribunal determined that the approval granted by the District Collector constituted approval by a "Local Authority" as required by the Income Tax Act, based on relevant legal provisions and specific conditions in the approval letter. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the allowance of the deduction for the housing project. Case-Laws Income Tax Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394740