https://www.taxtmi.com/caselaws?id=399018 The court held that the assessee complied with the requirements of Section 80IB(10) of the Income-Tax Act, allowing for deduction of profits from housing projects. The court dismissed the revenue's appeal, emphasizing adherence to statutory language and previous judicial interpretations. It affirmed the principle of proportionality for units less than 1500 sq.ft. and the separate consideration of residential blocks. The court's decision favored the assessee, answering substantial questions of law against the revenue. en-us Tue, 22 Sep 2020 00:00:00 +0530 Thu, 24 Dec 2020 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399018 The court held that the assessee complied with the requirements of Section 80IB(10) of the Income-Tax Act, allowing for deduction of profits from housing projects. The court dismissed the revenue's appeal, emphasizing adherence to statutory language and previous judicial interpretations. It affirmed the principle of proportionality for units less than 1500 sq.ft. and the separate consideration of residential blocks. The court's decision favored the assessee, answering substantial questions of law against the revenue. Case-Laws Income Tax Tue, 22 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399018