Income Tax Act Section 80IB(10)(b): Deductions Require Plot Including D.P. Road to Meet One-Acre Minimum Requirement.

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....Deduction u/s 80IB - requirement of Section 80IB(10)(b) of the Act which states “the project is on the size of the plot of land which has a minimum area of one acre” - such D.P. Road cannot be alienated or separated from main portion of the land and the area of the plot should be inclusive of the land acquired by the Municipal Corporation as D.P Road. - AT....