Dismissing the appeal of the revenue the Court held that the Tribunal was justified in holding that the assessee was entitled to deduction under section 80-IB(10) on proportionate basis. (AY. 2007-08 to 2011-12)
Devashri Nirman Ltd. v. ACIT (2020) 429 ITR 597 /( 2021 ) 277 Taxman 408 (Bom.)(HC) PCIT v. Devashri Nirman Ltd. (2020) 429 ITR 597/( 2021 ) 277 Taxman 408 (Bom.)(HC)
S. 80IB(10) : Housing projects-Proportionate deduction-Entitle to proportionate deduction in respect of units fulfilling conditions.