Assessee can claim proportionate deduction under Section 80IB(10) relating to eligible units

DCIT Vs Shree Venkatesh Associates (ITAT Pune)

The issue of pro-rata deduction u/s. 80IB(10) for eligible units has been considered by the jurisdictional ITAT, Pune in case of Ramsukh Properties (supra) and M/s D.S. Kulkarni Developers Ltd (supra) and IT AT, Nagpur in case of AIR Developers(supra) and allowed such pro-rata deduction. The ITAT, Mumbai in case of Mudhit Madanlal Gupta vs. CIT reported in 9 taxmann.com 235 has held (hat in depend residential unit had to be treated as separate housing projects for the purpose of deduction u/s. 80IB(10) if o

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