https://www.taxtmi.com/caselaws?id=407314 For deduction under section 80IB(10), open terrace area is not part of built-up area and cannot be used to disqualify a housing project. The completion period is to be reckoned from the last building plan approval governing the project as a whole, not from the first layout approval. A completion certificate issued by the competent local authority was held sufficient, so a separate CMDA completion certificate was unnecessary. The absence of registered title in the assessee's name did not bar relief where it acted as the real developer, having undertaken development and construction at its own risk. The statutory conditions for the deduction were therefore treated as satisfied. en-us Tue, 20 Apr 2021 00:00:00 +0530 Thu, 06 May 2021 08:42:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407314 For deduction under section 80IB(10), open terrace area is not part of built-up area and cannot be used to disqualify a housing project. The completion period is to be reckoned from the last building plan approval governing the project as a whole, not from the first layout approval. A completion certificate issued by the competent local authority was held sufficient, so a separate CMDA completion certificate was unnecessary. The absence of registered title in the assessee's name did not bar relief where it acted as the real developer, having undertaken development and construction at its own risk. The statutory conditions for the deduction were therefore treated as satisfied. Case-Laws Income Tax Tue, 20 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407314