https://www.taxtmi.com/caselaws?id=417692 The Tribunal upheld the decision of the ld. CIT(A) to allow a proportionate deduction u/s.80IB(10) for assessment years 2012-13 to 2015-16. The issue arose from the violation of selling two flats to one person, resulting in the disallowance of deduction for the specific violation while allowing it for the compliant portion of the project. The Tribunal's decision aligned with a similar case precedent from the jurisdictional High Court, providing clarity on deduction eligibility in such scenarios. Consequently, all appeals related to these assessment years were dismissed. en-us Thu, 27 Jan 2022 00:00:00 +0530 Sat, 29 Jan 2022 08:45:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417692 The Tribunal upheld the decision of the ld. CIT(A) to allow a proportionate deduction u/s.80IB(10) for assessment years 2012-13 to 2015-16. The issue arose from the violation of selling two flats to one person, resulting in the disallowance of deduction for the specific violation while allowing it for the compliant portion of the project. The Tribunal's decision aligned with a similar case precedent from the jurisdictional High Court, providing clarity on deduction eligibility in such scenarios. Consequently, all appeals related to these assessment years were dismissed. Case-Laws Income Tax Thu, 27 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417692