https://www.taxtmi.com/caselaws?id=406669 The High Court upheld the Tribunal's decision in favor of the assessee regarding the allocation of common expenses for deduction under Section 80IB of the Income Tax Act, the eligibility of deduction under Section 80IB(10) for a project with a commercial shop exceeding 2000 sq. ft., and the inclusion of profits from the sale of land in computing the deduction under Section 80IB(10). The Court ruled against the Revenue on all three issues, dismissing the appeal and affirming the assessee's position. en-us Mon, 05 Apr 2021 00:00:00 +0530 Tue, 20 Apr 2021 12:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406669 The High Court upheld the Tribunal's decision in favor of the assessee regarding the allocation of common expenses for deduction under Section 80IB of the Income Tax Act, the eligibility of deduction under Section 80IB(10) for a project with a commercial shop exceeding 2000 sq. ft., and the inclusion of profits from the sale of land in computing the deduction under Section 80IB(10). The Court ruled against the Revenue on all three issues, dismissing the appeal and affirming the assessee's position. Case-Laws Income Tax Mon, 05 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406669