https://www.taxtmi.com/caselaws?id=270815 Independently sanctioned and identifiable components of a larger development may be treated as separate housing projects for deduction under section 80IB(10). Where residential buildings and amenity space were approved under separate building plans, the common layout did not control project identity, so the amenity space could not be clubbed with the housing project and deduction was not denied on that basis. Likewise, deduction could be claimed for the completed parking + 7 floors segment of Meghmalhar Phase I, because the statute was applied to the specific completed block satisfying the conditions, while other sanctioned but unfinished components were irrelevant. The assessee's deduction claim succeeded on both projects. en-us Wed, 28 Oct 2015 00:00:00 +0530 Sat, 16 Jan 2016 07:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270815 Independently sanctioned and identifiable components of a larger development may be treated as separate housing projects for deduction under section 80IB(10). Where residential buildings and amenity space were approved under separate building plans, the common layout did not control project identity, so the amenity space could not be clubbed with the housing project and deduction was not denied on that basis. Likewise, deduction could be claimed for the completed parking + 7 floors segment of Meghmalhar Phase I, because the statute was applied to the specific completed block satisfying the conditions, while other sanctioned but unfinished components were irrelevant. The assessee's deduction claim succeeded on both projects. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270815