Commercial holding in Housing Project less than 100 sq. m: ITAT allows Income Tax Deduction u/s 801B [Read Order]

housing project - ITAT - deduction - taxscan

The Income Tax Appellate Tribunal (ITAT), Chennai bench consisting of Mahavir Singh, Vice President and Manoj Kumar Aggarwal, Accountant Member held that assessee entitled to deduction u/s 801B as extent of commercial holding in housing project undertaken less than 100 sq. m. The assessee, M/s. Macro Marvel Projects Limited, originally claimed the deduction of Rs….

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