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2015 (8) TMI 860 - HC - Income TaxDeduction under section 80IB(10) - Held that:- As decided in assessee's earlier AY it is not in dispute that where a project is approved as a housing project without or with commercial user to the extent permitted under the rules / Regulations, then, deduction under section 80-IB(10) would be allowable. In other words, if a project could be approved as a housing project having residential units with permissible commercial user, then it is not open to the income tax authorities to contend that the expression “housing project” in section 80-IB(10) is applicable to projects having only residential units. - Decided against revenue.
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