2015 (1) TMI 698

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....ar JUDGEMENT 1. We have heard Mr. Vimal Gupta, learned Senior Counsel appearing on behalf of the Revenue. We have also perused the order passed by the Income Tax Appellate Tribunal and particularly the portion where the Tribunal discusses the entitlement of deduction under Section 80IB(10) of the Income Tax Act, 1961 and the applicability of the Rule 18BBB(2) of the Income Tax Rules. 2. We are ....

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....he fact that the so called Sector 'B' of the project was on a land of less than an acre, whereas, for being eligible for claim of deduction u/s.80IB(10) the project has to be on a land admeasuring of atleast one Acre.         (iii) Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in not appreciating the fact th....