https://www.taxtmi.com/caselaws?id=188385 Permissible commercial use within local development limits did not, by itself, disqualify an approved housing project from deduction under section 80IB(10), so the claim was allowed on that ground. The later inserted definition of "built-up area" in section 80IB(14)(a) was treated as a substantive, prospective amendment from 01.04.2005 and was not applied retrospectively to projects approved earlier for testing the residential unit size limit. The built-up area and verandah controversy was therefore sent back for fresh consideration in light of that prospective interpretation. en-us Fri, 29 Nov 2013 00:00:00 +0530 Mon, 05 Dec 2016 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188385 Permissible commercial use within local development limits did not, by itself, disqualify an approved housing project from deduction under section 80IB(10), so the claim was allowed on that ground. The later inserted definition of "built-up area" in section 80IB(14)(a) was treated as a substantive, prospective amendment from 01.04.2005 and was not applied retrospectively to projects approved earlier for testing the residential unit size limit. The built-up area and verandah controversy was therefore sent back for fresh consideration in light of that prospective interpretation. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188385