https://www.taxtmi.com/caselaws?id=294935 The Tribunal held that the Commissioner's revision of the assessment order u/s 263 was without jurisdiction, directing the Assessing Officer to maintain the original order granting deduction u/s 80 IB. Regarding eligibility for deduction u/s 80IB(10), the Tribunal affirmed the assessee's entitlement, emphasizing that ownership of the property was not a prerequisite for claiming the deduction. The High Court upheld the Tribunal's decision, rejecting the Revenue's appeal and confirming the assessee's right to relief under Section 80 IB of the Income Tax Act. en-us Fri, 02 Nov 2012 00:00:00 +0530 Mon, 10 May 2021 17:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294935 The Tribunal held that the Commissioner's revision of the assessment order u/s 263 was without jurisdiction, directing the Assessing Officer to maintain the original order granting deduction u/s 80 IB. Regarding eligibility for deduction u/s 80IB(10), the Tribunal affirmed the assessee's entitlement, emphasizing that ownership of the property was not a prerequisite for claiming the deduction. The High Court upheld the Tribunal's decision, rejecting the Revenue's appeal and confirming the assessee's right to relief under Section 80 IB of the Income Tax Act. Case-Laws Income Tax Fri, 02 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294935