https://www.taxtmi.com/caselaws?id=296792 The Tribunal allowed the appeal of the assessee, determining that income from the housing project "Hampton Park" belonged to the individuals as co-owners, not to an Association of Persons (AOP). The assessee was deemed eligible for the deduction under Section 80IB(10) as a co-owner, fulfilling all necessary conditions. The Tribunal emphasized the project's co-ownership nature supported by documentary evidence and previous case law precedents. The decision was based on consistency with the prior assessment year and legal provisions, leading to the allowance of the appeal on 23.09.2020. en-us Wed, 23 Sep 2020 00:00:00 +0530 Sat, 07 Aug 2021 08:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296792 The Tribunal allowed the appeal of the assessee, determining that income from the housing project "Hampton Park" belonged to the individuals as co-owners, not to an Association of Persons (AOP). The assessee was deemed eligible for the deduction under Section 80IB(10) as a co-owner, fulfilling all necessary conditions. The Tribunal emphasized the project's co-ownership nature supported by documentary evidence and previous case law precedents. The decision was based on consistency with the prior assessment year and legal provisions, leading to the allowance of the appeal on 23.09.2020. Case-Laws Income Tax Wed, 23 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296792