https://www.taxtmi.com/caselaws?id=290479 The Tribunal upheld the CIT(A)'s decision to allow the deduction u/s 80IB(10) for the assessment year 2006-07, dismissing the Revenue's appeal. The case involved a real estate developer claiming a deduction for profits from housing projects, with the AO initially disallowing the deduction due to deviations from the sanctioned plan. The Tribunal, referencing earlier decisions, ruled in favor of the assessee, emphasizing that the project qualified as a housing project and proportionate deduction was not relevant. en-us Thu, 30 Sep 2010 00:00:00 +0530 Tue, 29 Sep 2020 12:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290479 The Tribunal upheld the CIT(A)'s decision to allow the deduction u/s 80IB(10) for the assessment year 2006-07, dismissing the Revenue's appeal. The case involved a real estate developer claiming a deduction for profits from housing projects, with the AO initially disallowing the deduction due to deviations from the sanctioned plan. The Tribunal, referencing earlier decisions, ruled in favor of the assessee, emphasizing that the project qualified as a housing project and proportionate deduction was not relevant. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290479