https://www.taxtmi.com/caselaws?id=301045 The ITAT upheld the decision of the Ld CIT(A) regarding the eligibility of the assessee for deduction u/s 80IB(10) for the assessment year 2007-08. The project was deemed new and not a Slum Redevelopment scheme, with the assessee recognized as a developer. Possession was confirmed before the specified date, supporting the deduction. The ITAT set aside the revision order passed by the Ld CIT for the assessment year 2006-07, finding it debatable and not prejudicial to revenue. The appeal challenging the Ld CIT(A)'s order for 2006-07 was dismissed following the invalidation of the revision order, confirming the assessee's eligibility for the deduction. en-us Wed, 09 Mar 2016 00:00:00 +0530 Thu, 10 Mar 2022 08:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301045 The ITAT upheld the decision of the Ld CIT(A) regarding the eligibility of the assessee for deduction u/s 80IB(10) for the assessment year 2007-08. The project was deemed new and not a Slum Redevelopment scheme, with the assessee recognized as a developer. Possession was confirmed before the specified date, supporting the deduction. The ITAT set aside the revision order passed by the Ld CIT for the assessment year 2006-07, finding it debatable and not prejudicial to revenue. The appeal challenging the Ld CIT(A)'s order for 2006-07 was dismissed following the invalidation of the revision order, confirming the assessee's eligibility for the deduction. Case-Laws Income Tax Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301045