IT Deduction for Affordable Houses cannot be Denied to Builder on ground of Subsequent Changes in Building on Completion of Statutory Conditions: Bombay HC

Affordable Houses - IT Deduction - Deduction - Income Tax - Tax - Builder - Statutory Conditions - Bombay High Court - taxscan

A Division Bench of the Bombay High Court has recently set aside the denial of income tax deduction under Section 80-IB(10) of the Income Tax Act, 1961 merely on ground of subsequent changes in building after compliance of statutory provisions.  The dispute in the present appeal centers around whether the assessee was entitled to the…

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