https://www.taxtmi.com/caselaws?id=754676 ITAT Delhi allowed the assessee's appeal regarding deduction under section 80IB(10). The tribunal held that for calculating built-up area limits of 1000 sq. ft., open sky balconies should be excluded, following its earlier decision in the assessee's own case. The tribunal upheld the project completion method of accounting as the correct method, noting that Delhi HC had dismissed the revenue's appeal finding no substantial question of law. Regarding common approval for two projects, the tribunal ruled that separate housing projects approved under common approval satisfy section 80IB(10) requirements. The revenue's ground regarding violation of clauses (e) and (f) was rejected due to lack of specific findings by the Assessing Officer. en-us Wed, 24 Apr 2024 00:00:00 +0530 Thu, 27 Jun 2024 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754676 ITAT Delhi allowed the assessee's appeal regarding deduction under section 80IB(10). The tribunal held that for calculating built-up area limits of 1000 sq. ft., open sky balconies should be excluded, following its earlier decision in the assessee's own case. The tribunal upheld the project completion method of accounting as the correct method, noting that Delhi HC had dismissed the revenue's appeal finding no substantial question of law. Regarding common approval for two projects, the tribunal ruled that separate housing projects approved under common approval satisfy section 80IB(10) requirements. The revenue's ground regarding violation of clauses (e) and (f) was rejected due to lack of specific findings by the Assessing Officer. Case-Laws Income Tax Wed, 24 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754676