ITAT allows section 80-IB deduction on Pro-rata basis

Vishal Constructions Vs. ITO (ITAT Pune)

We note that in the present appeal the assessee claimed deduction Rs.18,80,000/- u/s. 80IB(10) of the Act. The AO held that the assessee has violated the provisions of section 80IB(10) of the Act as built up area of shops and commercial establishments exceeded 5000 sq. ft. For such violation the AO denied the deduction of Rs.18,80,000/- vide its order dated 27-12-2016. The CIT(A) confirmed the order of AO.

As noted above, the assessee sought pro-rat

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