Bombay High Court Allows Deduction Under Section 80IB(10) for Housing Project Despite Prior Construction on Same Plot — Conditions of Commencement After 1-10-1998 and Approval After That Date Satisfied for New Building 'E'. The court held that each building can be a separate housing project if approved after the cutoff date, and the assessee is eligible for deduction.
28 Mar 2012The case involves two appeals by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal allowing deduction under Sectio...
