https://www.taxtmi.com/caselaws?id=468582 A housing project sanctioned as a single project was ineligible for deduction under section 80IB(10) because the commercial block formed part of the same approved development and its built-up area exceeded the statutory limit. Timely completion of the residential blocks did not cure non-compliance with the commercial-area restriction. A different view taken in another assessment year did not alter the result, as income-tax proceedings are year-specific and res judicata does not apply. The rectification challenge also failed because it depended on the same substantive deduction issue. en-us Fri, 07 Feb 2025 00:00:00 +0530 Wed, 13 May 2026 21:06:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468582 A housing project sanctioned as a single project was ineligible for deduction under section 80IB(10) because the commercial block formed part of the same approved development and its built-up area exceeded the statutory limit. Timely completion of the residential blocks did not cure non-compliance with the commercial-area restriction. A different view taken in another assessment year did not alter the result, as income-tax proceedings are year-specific and res judicata does not apply. The rectification challenge also failed because it depended on the same substantive deduction issue. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468582