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Income Tax Deduction Allowed for SRA Project; Section 80IB(10) Clauses (a) and (b) Do Not Apply Per CBDT Notice.

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....Deduction u/s 80IB - assessee was awarded contract by the Slum Rehabilitation Authority (SRA) under Slum Rehabilitation Program for development of a plot of land - as per notification of CBDT, requirements of clauses (a) and (b) of Section 80IB(10) would not apply to such projects - deduction allowable....

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