https://www.taxtmi.com/caselaws?id=301287 Amendments enlarging the disqualifying conditions for housing-project deduction under section 80IB(10) operate prospectively. The amended definition of built-up area in section 80IB(14)(a), inserted from 1 April 2005, was treated as a substantive change and could not be applied to projects approved before that date; eligibility had to be tested under the regime in force when approval was granted. Non-issuance of a completion certificate by the local authority within time did not by itself defeat the claim where the assessee had applied in time, shown physical completion and possession, and the governing local law contemplated deemed permission. Deduction under section 80IB(10) was therefore available. en-us Thu, 30 Jul 2015 00:00:00 +0530 Fri, 25 Mar 2022 08:33:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301287 Amendments enlarging the disqualifying conditions for housing-project deduction under section 80IB(10) operate prospectively. The amended definition of built-up area in section 80IB(14)(a), inserted from 1 April 2005, was treated as a substantive change and could not be applied to projects approved before that date; eligibility had to be tested under the regime in force when approval was granted. Non-issuance of a completion certificate by the local authority within time did not by itself defeat the claim where the assessee had applied in time, shown physical completion and possession, and the governing local law contemplated deemed permission. Deduction under section 80IB(10) was therefore available. Case-Laws Income Tax Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301287