Pre A.Y 05-06 approved housing project eligible for deduction u/s 80-IB(10) irrespective of commercial use extent

As the legislature has provided that the deduction is available to all housing projects approved by a local authority, the result is that even projects with commercial user approved as a “housing project” are eligible for deduction.

Revenue was not justified in confining the deduction only to projects having commercial area up to 10% of the BUA because once the basic argument of the revenue that the housing projects with commercial user are not en

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