Deductions in respect of profits and gains from housing projects.

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....ains from housing projects. 142. In respect of any tax year, where-- (a) the gross total income of an assessee, includes any profits and gains derived from the business of developing and building h....

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....duction from the profits and gains derived from such business, subject to the conditions that- (i) the amount of deduction is calculated as per the provisions of section 80-IBA of the Income-tax Act....