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<h1>CBDT Clarifies Section 80-IB(10): Annual Deductions Allowed for Housing Projects; Withdrawn if Not Completed in Four Years.</h1> The Central Board of Direct Taxes (CBDT) clarified the application of deductions under section 80-IB(10) for undertakings involved in building and housing projects. Deductions can be claimed annually if the assessee reports profits from partial project completion each year. However, if the project is not completed within the specified four-year timeframe, any deductions previously granted will be withdrawn.