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2016 (1) TMI 502 - HC - Income TaxDeduction under Section 80IB(10) denied - Held that:- Tribunal was right in holding that the assessee will be entitled for deduction u/s 80IB(10) with respect to income from flats measuring less than 1500 sq ft limit and assessee will not entitled for deduction u/s 80IB(10) proportionately only with respect to the income from the 2 flats exceeding the limit of 1500 sq ft when the assessee had considered all the flats as forming part of single project on interpretation of the provisions of section 80IB(10)(c). As in CIT Vs. Arun Excello Foundations (P) Ltd, (2012 (12) TMI 415 - MADRAS HIGH COURT ), wherein, it has been held that the language used in the relevant provision of law does not bar a deduction claim altogether if some of the units sold exceed the specified dimensions. - Decided in favour of the assessee
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