Income Tax Act Section 80-IB(10): Allocate Common Expenses by Construction Area, Not Turnover, to Avoid Financial Distortion.

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....Deduction u/s 80-IB(10) - manner of allocating the common expenses - the financial positions of the assessee will represent distorted position if the common expenses are allocated based on turnover. Thus, assessee has rightly adopted the basis of allocating the common expenses based on the area of construction of eligible and non-eligible projects - AT....