Section 80IB(10) Deduction: Exclusion of Open Sky Floor Bed & Below-Floor Balcony in 1000 sq. ft. Eligibility Calculation

DCIT Vs Nahar Builders (ITAT Mumbai)

Introduction: The Income Tax Appellate Tribunal (ITAT) in Mumbai recently addressed the case of Nahar Builders, focusing on the allowability of deduction under section 80IB(10) for the assessment years 2013-14 to 2017-18. The key issue revolved around the inclusion of floor bed area and balcony area in the constructed area for claiming the deduction.

Background: Nahar Builders, a real estate developer, claimed a deducti

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