https://www.taxtmi.com/caselaws?id=398557 For Section 80IB(10), car parking allotted to flat purchasers was treated as a common area and not as part of the residential unit's built-up area. The reasoning relied on the absence of a specific definition for the relevant period, the statutory meaning later reflected in Section 80IB(14)(a), which excludes common areas, and the Tamil Nadu Apartment Ownership Act, 1994, which treats parking areas as common facilities. On that basis, car parking was held to be outside the built-up area limit, and the assessee remained entitled to deduction under Section 80IB. en-us Fri, 11 Sep 2020 00:00:00 +0530 Thu, 17 Sep 2020 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398557 For Section 80IB(10), car parking allotted to flat purchasers was treated as a common area and not as part of the residential unit's built-up area. The reasoning relied on the absence of a specific definition for the relevant period, the statutory meaning later reflected in Section 80IB(14)(a), which excludes common areas, and the Tamil Nadu Apartment Ownership Act, 1994, which treats parking areas as common facilities. On that basis, car parking was held to be outside the built-up area limit, and the assessee remained entitled to deduction under Section 80IB. Case-Laws Income Tax Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398557