2020 (10) TMI 568

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..... .- Whether Tribunal was right in law in holding that the assessee is entitled to claim deduction under Section 80IB in respect of profits derived from sale of residential units, wherein the built up area is below 1500 sq.ft. without appreciating the fact that the deduction under Section 80IB(10) is project based rather than unit and there is no concept of proportionate deduction u/s 80IB(10)? - HE .....

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..... unal was right in upholding the order of the Commissioner of Income Tax (Appeal) in directing the Assessing Officer to allow proportionate Officer to allow proportionate deduction under Section 80IB to the extent of profits attributable to the units, where the built up area is below 1500 sq.ft.? (ii) Whether in the fiven facts and circumstances of the case, the Tribunal was right in law in holdi .....

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