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2012 (11) TMI 1117 - HC - Income Tax
Can proportionate deduction under Section 80IB(1)(c) be allowed for flats in consolidated residential units with area more and less than 1500 sq.ft. - held that:- the assessee is entitled to succeed both on the principle of proportionality as well as by reason of the construction on the meaning of the expression "housing project" as referred u/s 80IB(10) - the mere fact that one of the blocks have units exceeding built-up area of 1500 sq.ft would not result in nullifying the claim of the assessee for the entire projects - Decision of Bombay High Court in the case of the Commissioner of Income Tax-II, Pune Versus M/s. Brahma Associates, [2011 (2) TMI 373 - BOMBAY HIGH COURT] followed - Decided in the favor of assessee.