https://www.taxtmi.com/caselaws?id=182569 Deduction under Section 80IB(10) was held available on profits derived from sale of shops for the relevant period, as the provision was construed not to restrict relief only to residential units in the manner urged by the Revenue. The later amendment inserting clause (d), which addressed shops and commercial establishments, was treated as prospective and did not apply retrospectively. The issue was therefore answered in favour of the assessee and against the Revenue, consistent with the Court's view in a connected decision. en-us Tue, 22 Feb 2011 00:00:00 +0530 Fri, 13 May 2016 13:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182569 Deduction under Section 80IB(10) was held available on profits derived from sale of shops for the relevant period, as the provision was construed not to restrict relief only to residential units in the manner urged by the Revenue. The later amendment inserting clause (d), which addressed shops and commercial establishments, was treated as prospective and did not apply retrospectively. The issue was therefore answered in favour of the assessee and against the Revenue, consistent with the Court's view in a connected decision. Case-Laws Income Tax Tue, 22 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182569