Deduction u/s 80IB (11C)

This query is : Resolved

CA PRIKSHIT GUPTA (Querist)
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22 April 2010 Assessee an HUF is already running a 30 bedded hospital since 2003. After 2008 HUF started construction of additional building after purchasing land and it will be completed in April 2010 and will be 100 bedded hospital.
1. Can HUF claim deduction under section 80-IB (11C)
2. Will it make any difference if he makes it 130 bedded hospital.
3. What will be fate of old unit 1 consisting of 30 beds under section 80-IB (11C)
4. Whether assessee can purchase the whole hospital in individual capacity and claim deduction under section 80-IB (11C)

CA Sanat Pyne

CA Sanat Pyne (Expert)
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24 April 2010 In my opinion construction part should be shown as unit 2 and can claim deduction .

otherwise option 4( assessee can purchase the whole hospital in individual capacity and claim deduction under section 80-IB (11C)) can also be the right choise.