Section 80IB(10) deduction cannot be disallowed for whole project for violation in few units

Kamat Constructions Pvt. Ltd. Vs ACIT (Bombay High Court) In this case the Assessing Officer (AO) vide Order dated 31.01.2014 disallowed deductions to the assessee under Section 80IB(10) of the Income Tax Act, 1961 (said Act) in respect of its housing project “Kamat Riviera” inter alia on the ground that 4 out of the 60 residential units in the said project, did not comply with the condition prescribed in Section 80IB(10)(f) of the said Act. This is because Flat Nos.401 and 402 were allotted to the same individual namely Mr. Suraj Kamble vide agreements dated 13.03.2009 and 29.06.2009 and ...