https://www.taxtmi.com/caselaws?id=428785 The Income Tax Appellate Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, ruling in favor of the assessee. The assessee was found eligible for deduction under section 80IB(10) despite separate agreements for plot sale and construction. Additionally, the profit restriction on the sale of unutilized Floor Space Index (FSI) was limited to 10.41% of the total claim, as directed by the CIT(A). The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s orders on both issues. en-us Thu, 06 Oct 2022 00:00:00 +0530 Mon, 10 Oct 2022 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428785 The Income Tax Appellate Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, ruling in favor of the assessee. The assessee was found eligible for deduction under section 80IB(10) despite separate agreements for plot sale and construction. Additionally, the profit restriction on the sale of unutilized Floor Space Index (FSI) was limited to 10.41% of the total claim, as directed by the CIT(A). The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s orders on both issues. Case-Laws Income Tax Thu, 06 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428785