https://www.taxtmi.com/caselaws?id=408664 The High Court affirmed the Tribunal's decisions in favor of the assessee, dismissing the appeal by the Revenue. The Court upheld that the open terrace area should not be included in the built-up area for deduction under Section 80IB(10). It also ruled that the time limit for project completion should be computed from the building plan approval date. Additionally, the completion certificate issued by Pallikaranai Panchayat was deemed valid, rejecting the need for a certificate from CMDA. The Court relied on precedents from various High Courts and dismissed the appeal with no costs. en-us Tue, 15 Jun 2021 00:00:00 +0530 Fri, 22 Oct 2021 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408664 The High Court affirmed the Tribunal's decisions in favor of the assessee, dismissing the appeal by the Revenue. The Court upheld that the open terrace area should not be included in the built-up area for deduction under Section 80IB(10). It also ruled that the time limit for project completion should be computed from the building plan approval date. Additionally, the completion certificate issued by Pallikaranai Panchayat was deemed valid, rejecting the need for a certificate from CMDA. The Court relied on precedents from various High Courts and dismissed the appeal with no costs. Case-Laws Income Tax Tue, 15 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408664