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12. In   the   context   of   the   above   discussion,   it  is   observed   that   the   assessee   firm   had   not  undertaken   the completion of the project in its  entirely as far as development and   construction  of the utilizable FSI is concerned.  The assessee  firm   had   total   plot   area   of   9620   sq.   mtrs   for  development  after reduction on account of common  plot and roads etc. Thus, it   was eligible   to  construct super  built up area of 15392.40 @ 1.6  FSI.     The  assessee     had   constructed    a   housing  project by deploying construction of 3573.48 sq.  mtrs of FSI. Thus, the FSI of 3573.48 sq. mtrs.  Has   been   utilized   for   the   construction   of   the  same,   out   of   permissible   FSI   of   15392.40   sq.  mtrs.   The profits ensuing from entire   project  for the year as per the profit and loss account,  includes additional profit   attributable to sale  of   unutilised   FSI    has   also  been   booked  by  the  assessee   firm.  Since   the     eligible   profits   for  claim   of   deduction   u/s.80IB(10)   can   only   relate  to   those   from   the   project   of   development   and  construction,     the   profits   attributable   to   the  sale   of   unutilised   FSI   not   relating   to  development and construction undertaken shall not  become eligible for the said claim."