Wednesday, March 3, 2021

Profit attributable to unutilised portion of Floor Space Index is eligible for sec. 80-IB deduction

INCOME TAX : Deduction under section 80-IB(10) was to be allowed to developer on profit derived from sale of unutilized FSI in housing project

from www.taxmann.com Latest Case Laws https://ift.tt/3rg0vY4

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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