Bombay HC upholds ITAT Order to Allow Pro-Rata Deduction to Eligible Undertaking Developing and Building Approved Housing Projects u/S 80IB(10) [Read Order]

By Taxscan Team - On July 20, 2022 8:44 pm - 2 mins read
Bombay HC - Pro-Rata Deduction - Housing Projects - taxscan

A division bench of the Bombay High Court comprising Justice Dhiraj Singh Thakur and Justice Abhay Ahuja has upheld an order of the Mumbai ITAT allowing directing the Assessing Officer to work-out the pro rata deduction under Section 80IB(10) of the Act, 1961, in regard to the eligible residential units. The assessee, Kumar Builders Consortium,…

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