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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IB - Two approvals one as commercial and one as ...

Income Tax

August 22, 2013

Deduction u/s 80IB - Two approvals one as commercial and one as housing - There is no definition of housing project in the provisions and there can be more than one approval for the project and even if there is common approval, assessee is entitled for deduction on the project undertaken by it, provided the project satisfies the other conditions - AT

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