https://www.taxtmi.com/caselaws?id=465976 Computation of built-up area for clause (c) of Section 80IB(10) was examined to determine eligibility for deduction in a housing project. The built-up area calculation must exclude projected open terraces (open to sky) when assessing whether individual flats exceed the prescribed 1500 sq. ft. limit; excluding such terrace area brings each flat within the statutory size cap and results in entitlement to deduction under Section 80IB(10). The assessing officer is directed to grant the deduction on profits from the housing project accordingly. en-us Wed, 16 Oct 2019 00:00:00 +0530 Thu, 15 Jan 2026 11:28:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465976 Computation of built-up area for clause (c) of Section 80IB(10) was examined to determine eligibility for deduction in a housing project. The built-up area calculation must exclude projected open terraces (open to sky) when assessing whether individual flats exceed the prescribed 1500 sq. ft. limit; excluding such terrace area brings each flat within the statutory size cap and results in entitlement to deduction under Section 80IB(10). The assessing officer is directed to grant the deduction on profits from the housing project accordingly. Case-Laws Income Tax Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465976