Deduction u/s 80IB - provisions should be interpreted liberally ...

Section 80IB: Allow deductions for profits from constructing smaller units under 1,000 sq ft, despite varying unit sizes.

September 5, 2013

Case Laws Income Tax AT

Deduction u/s 80IB - provisions should be interpreted liberally - even if the units constructed are both smaller and larger units with reference to the stipulated area, the profit derived from the construction of the smaller units i.e., within the stipulated area of 1,000 sq.ft. built-up area ought to be allowed as deduction u/s 80IB(10)- deduction on pro-rata basis allowed - AT

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Deduction u/s 80IB - provisions should be interpreted liberally ...

Section 80IB: Allow deductions for profits from constructing smaller units under 1,000 sq ft, despite varying unit sizes.

September 5, 2013

Case Laws Income Tax AT

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