https://www.taxtmi.com/caselaws?id=775675 The ITAT Raipur upheld the disallowance of deduction under section 80IB(10) for A.Y. 2009-10, rejecting the assessee's plea to apply res judicata based on the assessment for A.Y. 2008-09. The Tribunal confirmed that each assessment year is independent and principles of res judicata do not apply to income tax proceedings. The assessee's claim was further denied as the completion certificate for the housing project was obtained beyond the prescribed period, rendering the deduction ineligible. The decision of the CIT(Appeals) was affirmed, and the claim under section 80IB(10) was disallowed. en-us Mon, 14 Jul 2025 00:00:00 +0530 Fri, 25 Jul 2025 18:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775675 The ITAT Raipur upheld the disallowance of deduction under section 80IB(10) for A.Y. 2009-10, rejecting the assessee's plea to apply res judicata based on the assessment for A.Y. 2008-09. The Tribunal confirmed that each assessment year is independent and principles of res judicata do not apply to income tax proceedings. The assessee's claim was further denied as the completion certificate for the housing project was obtained beyond the prescribed period, rendering the deduction ineligible. The decision of the CIT(Appeals) was affirmed, and the claim under section 80IB(10) was disallowed. Case-Laws Income Tax Mon, 14 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775675