https://www.taxtmi.com/caselaws?id=407675 The appeal involved a dispute over deduction under Section 80IB of the Income Tax Act for the assessment year 2011-12. The assessing authority disallowed the claim due to excess construction area and plan violations. The CIT(A)-iv allowed the deduction, which the revenue challenged. The Tribunal upheld the deduction based on precedents. The court also addressed the eligibility of the assessee for the deduction despite plan violations and lack of FAR approval, ruling in favor of the assessee citing relevant legal provisions and precedents. The judgment dismissed the appeal in favor of the assessee, emphasizing adherence to established principles. en-us Fri, 05 Feb 2021 00:00:00 +0530 Tue, 18 May 2021 08:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407675 The appeal involved a dispute over deduction under Section 80IB of the Income Tax Act for the assessment year 2011-12. The assessing authority disallowed the claim due to excess construction area and plan violations. The CIT(A)-iv allowed the deduction, which the revenue challenged. The Tribunal upheld the deduction based on precedents. The court also addressed the eligibility of the assessee for the deduction despite plan violations and lack of FAR approval, ruling in favor of the assessee citing relevant legal provisions and precedents. The judgment dismissed the appeal in favor of the assessee, emphasizing adherence to established principles. Case-Laws Income Tax Fri, 05 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407675