https://www.taxtmi.com/caselaws?id=298191 The Tribunal overturned the CIT(A)'s decision and allowed the assessee's deduction claim under section 80IB(10) of the Income Tax Act for the assessment year 2009-2010. The Tribunal determined that the assessee qualified as a developer, not a contractor, and had completed the housing project within the specified deadline. It found that the Assessing Officer's objections were unfounded, as they were based on sale deed prices rather than actual development progress. Consequently, the Tribunal directed the deduction to be granted based on previous approvals and completion certificates. en-us Mon, 22 Apr 2013 00:00:00 +0530 Tue, 19 Oct 2021 12:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298191 The Tribunal overturned the CIT(A)'s decision and allowed the assessee's deduction claim under section 80IB(10) of the Income Tax Act for the assessment year 2009-2010. The Tribunal determined that the assessee qualified as a developer, not a contractor, and had completed the housing project within the specified deadline. It found that the Assessing Officer's objections were unfounded, as they were based on sale deed prices rather than actual development progress. Consequently, the Tribunal directed the deduction to be granted based on previous approvals and completion certificates. Case-Laws Income Tax Mon, 22 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298191