TMI BlogAmendment of section 80-IBX X X X Extracts X X X X X X X X Extracts X X X X ..... figures, letters and words "31st day of March, 2005" had been substituted: Provided also that no deduction under this sub-section shall be allowed to an industrial undertaking in the State of Jammu and Kashmir which is engaged in the manufacture or production of any article or thing specified in Part C of the Thirteenth Schedule.'; (c) in sub-section (8A), in clause (iii), for the figures, letters and words "1st day of April, 2004", the figures, letters and words "1st day of April, 2005" shall be substituted; (d) for sub-section (10), the following shall be substituted, namely:- "(10) The amount of deduction in the case of an undertaking developing and building housing projects approved before the 31st day of March, 2007 by a local auth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ernment for reconstruction or redevelopment of existing buildings in areas declared to be slum areas under any law for the time being in force and such scheme is notified by the Board in this behalf; (c) the residential unit has a maximum built-up area of one thousand square feet where such residential unit is situated within the city of Delhi or Mumbai or within twenty-five kilometres from the municipal limits of these cities and one thousand and five hundred square feet at any other place; and (d) the built-up area of the shops and other commercial establishments included in the housing project does not exceed five per cent. of the aggregate built-up area of the housing project or two thousand square feet, whichever is less."; (e) in s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... concerned local authority."; (g) in sub-section (14),- (A) clauses (a) and (aa) shall be re-lettered as clauses (aa) and (ab) respectively, and before clause (aa) as so re-lettered, the following clause shall be inserted, namely:- '(a) "built-up area" means the inner measurements of the residential unit at the floor level, including the projections and balconies, as increased by the thickness of the walls but does not include the common areas shared with other residential units;'; (B) in clause (c),- (I) in sub-clause (iv), after the words "undertaking engaged", the words "in the business of processing, preservation and packaging of fruits or vegetables or" shall be inserted; (II) after sub-clause (vi), the following sub-clause shall ..... X X X X Extracts X X X X X X X X Extracts X X X X
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