https://www.taxtmi.com/caselaws?id=402770 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to allow the deduction under section 80IB(10) on a proportionate basis for units with a built-up area of 1500 sq. ft. or less. The Tribunal also endorsed the direction for the AO to conduct physical measurements of individual units, rejecting the District Valuation Officer's report. The Tribunal affirmed that the benefit of section 80IB(10) can extend to the entire project even if some units exceed the size limit and determined that the assessee qualified as a developer, not merely a contractor, for eligibility under section 80IB(10). en-us Thu, 07 Jan 2021 00:00:00 +0530 Mon, 11 Jan 2021 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402770 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to allow the deduction under section 80IB(10) on a proportionate basis for units with a built-up area of 1500 sq. ft. or less. The Tribunal also endorsed the direction for the AO to conduct physical measurements of individual units, rejecting the District Valuation Officer's report. The Tribunal affirmed that the benefit of section 80IB(10) can extend to the entire project even if some units exceed the size limit and determined that the assessee qualified as a developer, not merely a contractor, for eligibility under section 80IB(10). Case-Laws Income Tax Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402770