https://www.taxtmi.com/caselaws?id=406987 The High Court dismissed the Tax Case Appeal, upholding the Income Tax Appellate Tribunal's decision to allow deduction under Section 80IB(10) for units in a housing project exceeding 1500 sq.ft. The Court found the Tribunal's decision consistent with previous rulings, rejecting the appellant's argument that all units must not exceed 1500 sq.ft. for the deduction to apply. The Court ruled in favor of the assessee, stating that the law does not prohibit deduction if some units exceed the specified dimensions, based on the precedent set by the Division Bench's ruling. en-us Mon, 15 Mar 2021 00:00:00 +0530 Tue, 27 Apr 2021 12:18:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406987 The High Court dismissed the Tax Case Appeal, upholding the Income Tax Appellate Tribunal's decision to allow deduction under Section 80IB(10) for units in a housing project exceeding 1500 sq.ft. The Court found the Tribunal's decision consistent with previous rulings, rejecting the appellant's argument that all units must not exceed 1500 sq.ft. for the deduction to apply. The Court ruled in favor of the assessee, stating that the law does not prohibit deduction if some units exceed the specified dimensions, based on the precedent set by the Division Bench's ruling. Case-Laws Income Tax Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406987