https://www.taxtmi.com/caselaws?id=398557 The High Court of Madras ruled in favor of the Assessee regarding the entitlement to deduction under Section 80IB of the Income Tax Act for the Assessment Year 2005-2006. The court upheld the exclusion of car parking areas from the calculation of the built-up area for claiming deductions, in line with previous judgments and provisions of the Act. The Appeal filed by the Revenue challenging the Assessee's deduction was dismissed, affirming the Assessee's right to the benefit of deduction under Section 80IB. en-us Fri, 11 Sep 2020 00:00:00 +0530 Thu, 17 Sep 2020 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398557 The High Court of Madras ruled in favor of the Assessee regarding the entitlement to deduction under Section 80IB of the Income Tax Act for the Assessment Year 2005-2006. The court upheld the exclusion of car parking areas from the calculation of the built-up area for claiming deductions, in line with previous judgments and provisions of the Act. The Appeal filed by the Revenue challenging the Assessee's deduction was dismissed, affirming the Assessee's right to the benefit of deduction under Section 80IB. Case-Laws Income Tax Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398557