https://www.taxtmi.com/caselaws?id=765276 ITAT Mumbai allowed assessee's deduction claim u/s. 80IA(4)(iii) for industrial park development. Revenue challenged the deduction arguing income was from house property, not business, and assessee failed to establish minimum 30 industrial units requirement. ITAT held the issue was recurring with consistent relief granted to assessee. Under Industrial Park Scheme 2002, projects setting up industrial parks qualify for deduction. Assessment order failed to specify any scheme violations or non-compliance with minimum unit condition. ITAT upheld CIT(A)'s order allowing deduction, deciding against revenue. en-us Tue, 31 Dec 2024 00:00:00 +0530 Wed, 29 Jan 2025 09:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765276 ITAT Mumbai allowed assessee's deduction claim u/s. 80IA(4)(iii) for industrial park development. Revenue challenged the deduction arguing income was from house property, not business, and assessee failed to establish minimum 30 industrial units requirement. ITAT held the issue was recurring with consistent relief granted to assessee. Under Industrial Park Scheme 2002, projects setting up industrial parks qualify for deduction. Assessment order failed to specify any scheme violations or non-compliance with minimum unit condition. ITAT upheld CIT(A)'s order allowing deduction, deciding against revenue. Case-Laws Income Tax Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765276