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2015 (11) TMI 341 - BOMBAY HIGH COURTDeduction u/s 80IB - whether Tribunal did not err in holding that the clarification of the builtup area introduced by way of section 80IB(14)(a) with effect from 01-04-2005 can only be applied to projects which have been sanctioned after 01-4-2005? - Held that:- The present controversy stands concluded in favour of the RespondentAssessee by the decision of this Court in CIT v/s. Raviraj Kothari Punjabi Associates [2015 (5) TMI 361 - BOMBAY HIGH COURT] wherein held held that the clause (d) of section 80IB(10) is prospective in nature and would not apply to the housing projects commenced prior to 1.4.2005. Also see CIT v/s. M/s. Sarkar Builders [2015 (5) TMI 555 - SUPREME COURT] - Decided in favour of assessee.
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