Prior to 1-4-2005, Balcony to be excluded in calculating built-up area for sec. 80-IB

HIGH COURT OF KARNATAKA CIT v/s. G.R. Developers IT Appeal No. 355 of 2009 February 29, 2012 JUDGMENT 1. The assessee is carrying on the business in real estate, development, construction and sale of apartments. The assessee obtained approval for building housing project in an area of 1 acre 14 guntas of land in Kanakapura Road. The approved housing project included construction of commercial building. The assessee has built 84 apartments. The commercial building was also constructed within the super built-up area of 17,600 sq.ft. The approval of project was granted on 14.06.2002. The construc...