Extending time limit for approval of affordable housing project for availing deduction under section 80-IBA of the Act.

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..... sions of section 80-IBA of the Act, inter alia , provide that where the gross total income of an assessee includes any profits and gains derived from the business of developing and building affordable housing projects, there shall, subject to certain conditions specified therein, be allowed a deduction of an amount equal to one hundred per cent of the profits and gains derived from such business. .....

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