https://www.taxtmi.com/caselaws?id=253372 An open projected terrace attached to residential units was treated as outside the statutory definition of "built-up area" under section 80IB(10)(c) because it is neither a balcony nor an enclosed projection, so the project continued to satisfy the area condition. Undisclosed receipts from flat sales in the same eligible housing project, though discovered during search and assessed as additional income, were regarded as project-derived business income and remained eligible for deduction under section 80IB(10). The peak negative cash balance addition was deleted because it was based on the same surrendered receipts, and sustaining both would amount to double taxation. en-us Tue, 28 Oct 2014 00:00:00 +0530 Fri, 22 May 2015 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253372 An open projected terrace attached to residential units was treated as outside the statutory definition of "built-up area" under section 80IB(10)(c) because it is neither a balcony nor an enclosed projection, so the project continued to satisfy the area condition. Undisclosed receipts from flat sales in the same eligible housing project, though discovered during search and assessed as additional income, were regarded as project-derived business income and remained eligible for deduction under section 80IB(10). The peak negative cash balance addition was deleted because it was based on the same surrendered receipts, and sustaining both would amount to double taxation. Case-Laws Income Tax Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253372