https://www.taxtmi.com/caselaws?id=177742 For section 80IB(10), independently sanctioned building plans must be tested on their own merits, and a common layout does not automatically merge separately sanctioned amenity or residential components into one ineligible project. Where the amenity spaces were separately sanctioned and independently treated, they could not be clubbed with the residential project merely because they formed part of the same overall layout. A distinct, completed portion of a larger housing scheme, such as the sanctioned parking-plus-seven-floor segment of Meghmalhar Phase-I, could qualify separately if it satisfied the statutory conditions. Notional interest disallowance on a SEBI-mandated deposit was also held unsustainable where the statute did not authorise such a deeming addition. en-us Thu, 31 Jul 2014 00:00:00 +0530 Mon, 18 Jan 2016 10:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177742 For section 80IB(10), independently sanctioned building plans must be tested on their own merits, and a common layout does not automatically merge separately sanctioned amenity or residential components into one ineligible project. Where the amenity spaces were separately sanctioned and independently treated, they could not be clubbed with the residential project merely because they formed part of the same overall layout. A distinct, completed portion of a larger housing scheme, such as the sanctioned parking-plus-seven-floor segment of Meghmalhar Phase-I, could qualify separately if it satisfied the statutory conditions. Notional interest disallowance on a SEBI-mandated deposit was also held unsustainable where the statute did not authorise such a deeming addition. Case-Laws Income Tax Thu, 31 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177742