Dismissing the appeal the Court held that since total area of residential unit comprised of servant room and flat sold by assessee had exceeded limit of 1500 sq.ft., resulting in violation of provisions of section 80-IB(10)(c), assessee was not eligible for deduction under section 80-IB(10) of the Act. Order of Tribunal is affirmed.(AY. 2019-10)
South City Projects (Kolkata) Ltd. v. PCIT (2022) 285 Taxman 696 (Cal.)(HC)
S. 80IB(10) : Housing projects-Total area exceeded 15000 sq.ft-Not entitle to deedcution. [S. 80IB(10)(c)]