https://www.taxtmi.com/caselaws?id=261650 Section 80IB(10) deduction was held allowable for a housing project approved before 1 April 2005, because the 16th floor terrace was not sold as part of the flats and did not form part of the built-up area; only balcony area was treated as included. Payments for business centre and administrative charges to a group concern were found not excessive and the section 40A(2)(b) disallowance was deleted. Indirect expenses were to be apportioned on a work-in-progress basis, not profit basis. Interest disallowance on advances to sister concerns was remanded for verification of sufficient interest-free funds. Sales promotion was allowed subject to a 10% disallowance. en-us Fri, 15 May 2015 00:00:00 +0530 Sat, 18 Jul 2015 08:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261650 Section 80IB(10) deduction was held allowable for a housing project approved before 1 April 2005, because the 16th floor terrace was not sold as part of the flats and did not form part of the built-up area; only balcony area was treated as included. Payments for business centre and administrative charges to a group concern were found not excessive and the section 40A(2)(b) disallowance was deleted. Indirect expenses were to be apportioned on a work-in-progress basis, not profit basis. Interest disallowance on advances to sister concerns was remanded for verification of sufficient interest-free funds. Sales promotion was allowed subject to a 10% disallowance. Case-Laws Income Tax Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261650