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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IB(10) - option to merge flats - It is ...


Court Upholds Deduction for Merged Flats u/s 80IB(10); Post-Sale Merging Does Not Affect Eligibility.

January 19, 2015

Case Laws     Income Tax     AT

Deduction u/s 80IB(10) - option to merge flats - It is undisputed fact that few 1-BHK flats remain so without any merger despite the provision of ‘hole’ left and others are merged into duplex during the post sale using such provision - deduction allowed - AT

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