https://www.taxtmi.com/caselaws?id=410784 The Tribunal allowed the appeal, determining that income from the housing project "Hampton Park" belonged to individual co-owners, not an Association of Persons (AOP). Consequently, the assessee was entitled to the deduction under Section 80IB(10) of the Income Tax Act, 1961. The Tribunal's decision aligned with previous rulings and judicial precedents, emphasizing that the project was developed by individual co-owners, making them eligible for the deduction. en-us Wed, 04 Aug 2021 00:00:00 +0530 Mon, 09 Aug 2021 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410784 The Tribunal allowed the appeal, determining that income from the housing project "Hampton Park" belonged to individual co-owners, not an Association of Persons (AOP). Consequently, the assessee was entitled to the deduction under Section 80IB(10) of the Income Tax Act, 1961. The Tribunal's decision aligned with previous rulings and judicial precedents, emphasizing that the project was developed by individual co-owners, making them eligible for the deduction. Case-Laws Income Tax Wed, 04 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410784