Dismissing the appeal of the revenue the Court held that the Tribunal was justified in allowing proportionate deduction under section 80-IB(10) to the extent of profits attributable to the units of the project where the built up area was below 1500 sq. ft. (AY. 2013-14)
PCIT v. S. N. Builders and Developers (2022) 440 ITR 351 (Karn.) (HC)
S. 80IB(10) : Housing projects-Built-up area-Some units of project conforming to condition-Proportionate deduction allowable.