Sec. 80-IB deduction to be denied units wise which failed to fulfil required conditions

INCOME TAX : Where assessee developer exceeded area of 1500 square feet of eight residential units in two housing projects which was in breach of conditions contained in sub-clause (c) of section 80-IB(10), denial of deduction under section 80-IB(10) would be limited only in respect of said eight flats and assessee would be entitled to benefit of deduction under section 80-IB(10) proportionately in respect of other residential units having built up area of less than or equal to 1,500 square feet

from www.taxmann.com Latest Case Laws https://ift.tt/3dHp0JR