Gram Panchayat Approval Valid for Housing Project Deductions u/s 80IB(10) of Income Tax Act.

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....Claim of deduction u/s. 80IB(10) - Gram Panchayat competency for sanction of plans of housing project - approval granted by the Village Panchayat for the housing project to be as one granted by the ‘local authority' in accordance with the provisions of Section 80IB (10) - deduction allowed.....