https://www.taxtmi.com/caselaws?id=459728 The court addressed two main issues regarding deductions under Section 80IB(10). On the first issue, it allowed deductions on a proportionate basis for units exceeding 1000 square feet, emphasizing substantial compliance by the assessee, including project completion and application for a completion certificate. On the second issue, the court supported deductions despite the project not being completed by the specified date due to procedural delays by municipal authorities, stressing the importance of physical completion and architect-issued certificates over procedural delays. The court prioritized substantial compliance and physical completion in determining eligibility for deductions. en-us Tue, 11 Jun 2019 00:00:00 +0530 Tue, 24 Dec 2024 20:36:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459728 The court addressed two main issues regarding deductions under Section 80IB(10). On the first issue, it allowed deductions on a proportionate basis for units exceeding 1000 square feet, emphasizing substantial compliance by the assessee, including project completion and application for a completion certificate. On the second issue, the court supported deductions despite the project not being completed by the specified date due to procedural delays by municipal authorities, stressing the importance of physical completion and architect-issued certificates over procedural delays. The court prioritized substantial compliance and physical completion in determining eligibility for deductions. Case-Laws Income Tax Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459728