Dismissing the appeal of the revenue the Court held that the assessee is eligible deduction 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-Eligible deduction on proportionate basis.