https://www.taxtmi.com/caselaws?id=769557 ITAT Mumbai allowed partial deduction u/s 80-IB(10) for housing project profits. For A.Y. 2008-09, deduction granted for Wings A-F of "Aakash Nidhi" project following precedent from assessee's own case for A.Y. 2007-08, while Wing-G claim was denied. For A.Y. 2010-11, matter remanded to AO for verification regarding flats sold to spouses of existing owners and potential double sales. ITAT directed proportionate deduction based on eligible wings and ordered fresh examination of disputed aspects including re-allotment versus re-sale of flats. en-us Tue, 15 Apr 2025 00:00:00 +0530 Mon, 28 Apr 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769557 ITAT Mumbai allowed partial deduction u/s 80-IB(10) for housing project profits. For A.Y. 2008-09, deduction granted for Wings A-F of "Aakash Nidhi" project following precedent from assessee's own case for A.Y. 2007-08, while Wing-G claim was denied. For A.Y. 2010-11, matter remanded to AO for verification regarding flats sold to spouses of existing owners and potential double sales. ITAT directed proportionate deduction based on eligible wings and ordered fresh examination of disputed aspects including re-allotment versus re-sale of flats. Case-Laws Income Tax Tue, 15 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769557