Amendment of section 80-IB

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..... of March, 2005" shall be inserted; (b) after sub-clause (ii), the following sub-clause shall be inserted, namely:— "(iii) in a case where a housing project has been approved by the local authority on or after the 1st day of April, 2005, within five years from the end of the financial year in which the housing project is approved by the local authority."; (ii) in clause (d),— (a) for the words "fiv .....

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..... he local authority on or after 1st April, 2004, it shoud be completed within four years from the end of the financial year in which the housing project is approved by the local authority. It is proposed to increase the period for completion of a housing project, approved on or after 1st April, 2005, from four years to five years. Under the existing provisions contained in clause (d) of subsection .....

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