https://www.taxtmi.com/caselaws?id=403455 The Court upheld the decision of the Commissioner of Income Tax (Appeals), ruling that the assessee is entitled to proportionate deduction under Section 80IB(10) for profits from the sale of residential units below 1500 Sq. Ft. The Tribunal's reliance on the project completion method was affirmed, and the Revenue's arguments challenging the decision were dismissed. The Court referenced a previous judgment involving the same assessee for a different assessment year, applying the same reasoning to the present case and ultimately dismissing the appeal for the assessment year 2013-14. en-us Wed, 20 Jan 2021 00:00:00 +0530 Tue, 22 Feb 2022 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403455 The Court upheld the decision of the Commissioner of Income Tax (Appeals), ruling that the assessee is entitled to proportionate deduction under Section 80IB(10) for profits from the sale of residential units below 1500 Sq. Ft. The Tribunal's reliance on the project completion method was affirmed, and the Revenue's arguments challenging the decision were dismissed. The Court referenced a previous judgment involving the same assessee for a different assessment year, applying the same reasoning to the present case and ultimately dismissing the appeal for the assessment year 2013-14. Case-Laws Income Tax Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403455