housing project is
approved by local authority and is as per DC rules
then same should be considered as a housing project.
According to DC ... total built up area of project. As per
DC rules, assessee has to provide 2% of total area for
convenience shopping, if more commercial area
housing project is
approved by local authority and is as per DC rules
then same should be considered as a housing project.
According to DC ... total built up area of project. As per
DC rules, assessee has to provide 2% of total area for
convenience shopping, if more commercial area
built up
area has to be considered as per the DC rules of the
sanctioning authority. In this regard, it was submitted
that the DC ... applicable and
the built up area as per the DC rules of PMC was less
than 1500 sq.ft. The Assessing Officer has included
purchased by him. That
also must be in accordance with the DC rules, if permitted. The petitioners
contend that no further construction be allowed ... commercial premises as per the Development Control Rules (DC Rules) of
the MMC. We do not find any provision in the tripartite agreement with
regard
project is approved for residential and
commercial buildings as per the DC Rules, Pune.
The fact that the residential buildings under the
DC Rules ... project with residential and commercial user to
the extent permitted under DC Rules would be a
housing project and hence eligible for deduction
under Section
residential units with commercial user to the extent permitted under the
DC Rules / Regulations framed by the respective local authority.
b) In such a case ... local
authority is within the limits prescribed under the DC Rules / Regulation, the
deduction under Section 80IB(10) upto 31/3/2005 would be allowable
project with commercial user to the extent permitted under the DC Rules/Regulations.
46. Referring to Section 80IB(10(d) of the Act, the Bombay ... local authorities with commercial user to the extent permissible under the DC Rules / Regulation were entitled to Section 80IB(10) deduction, with effect from
puts up additional construction in accordance with the layout plan,
building rules and DC Regulations. The learned Counsel submits that the
layout presented ... learned Counsel submits
that Regulation 39 of 1967 DC Regulations deals with layout or sub-rule.
It is submitted that when a land under development
part of the built-up area as
defined under the DC Rules since the definition of built-up area was
inserted in section 801B
well as
commercial units to the extent permitted under the DC Rules. As the
assessee all the relevant conditions for the grant of deduction under
