https://www.taxtmi.com/caselaws?id=433838 The Tribunal held that the assessee was ineligible for deduction under section 80IB(10) of the Income Tax Act for two housing projects due to non-compliance with statutory conditions. The original housing plan approval date in 2003 was deemed crucial, rendering the amended approval date in 2005 irrelevant for claiming the deduction. The Tribunal emphasized strict adherence to statutory conditions for availing tax benefits, overturning the Commissioner's decision and highlighting the significance of establishing compliance with project commencement timelines and building plan approval dates. en-us Wed, 08 Feb 2023 00:00:00 +0530 Fri, 10 Feb 2023 09:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433838 The Tribunal held that the assessee was ineligible for deduction under section 80IB(10) of the Income Tax Act for two housing projects due to non-compliance with statutory conditions. The original housing plan approval date in 2003 was deemed crucial, rendering the amended approval date in 2005 irrelevant for claiming the deduction. The Tribunal emphasized strict adherence to statutory conditions for availing tax benefits, overturning the Commissioner's decision and highlighting the significance of establishing compliance with project commencement timelines and building plan approval dates. Case-Laws Income Tax Wed, 08 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433838