https://www.taxtmi.com/forum/issue?id=5066 A developer availed full project deductions under section 80IB(10) for a completed housing project. Clause (e), effective 01.04.2010, bars sale of more than one unit to the same individual or close relatives. Two non-adjacent flats from inventory were sold to one buyer in FY 2012-13. The question is whether this breach nullifies the deduction for the whole project, only the two flats, or the entire unsold area as of 31 03 2010. No conclusive answer is recorded in the document. en-us Tue, 18 Dec 2012 10:17:51 +0530 Thu, 23 Jan 2025 15:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5066 A developer availed full project deductions under section 80IB(10) for a completed housing project. Clause (e), effective 01.04.2010, bars sale of more than one unit to the same individual or close relatives. Two non-adjacent flats from inventory were sold to one buyer in FY 2012-13. The question is whether this breach nullifies the deduction for the whole project, only the two flats, or the entire unsold area as of 31 03 2010. No conclusive answer is recorded in the document. Discussion-Forum Income Tax Tue, 18 Dec 2012 10:17:51 +0530 https://www.taxtmi.com/forum/issue?id=5066