Dismissing the appeal of the revenue the Court held that allotment of more than one unit to same family members no breach condition. Allottees Later removing partitions and combining two flats into one, no breach of condition that each unit should not be of more than 1000 Sq. Ft. Argument of the revenue that condition inserted by Finance Act, 2009 with effect from April 1-2010 is procedural and applicable to pending cases was rejected. (AY. 2009-10)
PCIT v. Kores India Ltd. (2019) 414 ITR 47/ (2020) 274 Taxman 337 (Bom.) (HC)
S. 80IB(10) : Housing projects- Allotment of more than one unit to members of same family-Allottees Later removing partitions and combining two flats into one-No breach of condition that each unit should not be of more than 1000 Sq. Ft. — Entitled to deduction.