Deduction under section 80-IB(10) available annually for profits from partial completion, subject to completion timeframe. Deduction under section 80-IB(10) for developers of housing projects may be claimed year to year where profit arises from partial completion; entitlement depends on commencement, approval and completion within the statutory timeframe, and deductions previously allowed must be withdrawn if the completion condition is not ultimately satisfied.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction under section 80-IB(10) available annually for profits from partial completion, subject to completion timeframe.
Deduction under section 80-IB(10) for developers of housing projects may be claimed year to year where profit arises from partial completion; entitlement depends on commencement, approval and completion within the statutory timeframe, and deductions previously allowed must be withdrawn if the completion condition is not ultimately satisfied.
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