Build up area will exclude balcony area upto 01.04.2005 while computing deduction u/s. 80IB(10): Bombay HC

PCIT Vs G. K. Developers (Bombay High Court)

Bombay High Court held that upto 1 April, 2005, the expression ‘built up area’ would exclude the balcony area and are not to be included while computing the built up area of the residential units, in housing project eligible for deduction u/s. 80IB(10) of the Income Tax Act.

Facts- Present appeal has been preferred by the department on question of law that whether on the facts and circumstances of the case and in law, the Hon’ble Tribunal was justified in granting deduction u/s. 80IB(10) without considering

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