Deduction u/s 80IB(10) available as residential unit’s area is less than 1000 sq. ft.

PCIT Vs Vardhan Builders (Bombay High Court)

Bombay High Court held that revenue failed to establish that the area of residential units was more than 1000 sq. ft. accordingly deduction under section 80IB(10) of the Income Tax Act duly available.

Facts- One of the condition envisaged in section 80IB(10) of the Income Tax Act is that area of residential units should not more than 1000 sq. ft. if the same is situated within the city of Delhi or Mumbai or within 25 kilometers

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