https://www.taxtmi.com/caselaws?id=301658 The Tribunal dismissed Revenue's appeals, affirming CIT(A)'s order for all years. The dispute centered on the deduction under section 80IB(10) for a project where the commercial area exceeded the specified limit. The Tribunal upheld the CIT(A)'s decision, emphasizing project approval and judicial precedents allowing deductions even with commercial areas surpassing the threshold. The application of amended provisions was also clarified, with the approval date dictating their applicability. Ultimately, the Tribunal's ruling favored the taxpayer, confirming the eligibility for deductions in the years under consideration. en-us Wed, 19 Nov 2014 00:00:00 +0530 Thu, 14 Apr 2022 08:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301658 The Tribunal dismissed Revenue's appeals, affirming CIT(A)'s order for all years. The dispute centered on the deduction under section 80IB(10) for a project where the commercial area exceeded the specified limit. The Tribunal upheld the CIT(A)'s decision, emphasizing project approval and judicial precedents allowing deductions even with commercial areas surpassing the threshold. The application of amended provisions was also clarified, with the approval date dictating their applicability. Ultimately, the Tribunal's ruling favored the taxpayer, confirming the eligibility for deductions in the years under consideration. Case-Laws Income Tax Wed, 19 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301658