Sec. 80-IB – If both commercial and residential units are built, proportionate deduction to extent of compliance, would be allowed

Advertisement HIGH COURT OF MADRAS Commissioner of Income-tax Versus Arun Excello Foundations (P.) Ltd. Tax Case (Appeal) Nos. 1348 & 1349 of 2007 Date of Pronouncement – October 18, 2012 JUDGMENT Mrs. Chitra Venkataraman, J. – The Revenue is on appeal against the order of the Income Tax Appellate Tribunal relating to assessment years 2003-04 and 2004-05 by raising the following common question of law:- “Whether in the facts and circumstances of the case, the Tribunal was right in holding that deduction under Section 80IB(10) is allowable on a pro rata basis, where bo...