https://www.taxtmi.com/caselaws?id=403197 The High Court dismissed the appeal, upholding the decisions of the lower authorities regarding the eligibility for deduction under Section 80IB(10) and the validity of the project completion method of accounting for the real estate firm. The court ruled in favor of the assessee on both issues, emphasizing that the built-up area limit did not disqualify the assessee from the deduction and that the Accounting Standard 7 was not applicable to real estate developers for the relevant assessment year. en-us Thu, 07 Jan 2021 00:00:00 +0530 Thu, 11 Mar 2021 20:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403197 The High Court dismissed the appeal, upholding the decisions of the lower authorities regarding the eligibility for deduction under Section 80IB(10) and the validity of the project completion method of accounting for the real estate firm. The court ruled in favor of the assessee on both issues, emphasizing that the built-up area limit did not disqualify the assessee from the deduction and that the Accounting Standard 7 was not applicable to real estate developers for the relevant assessment year. Case-Laws Income Tax Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403197