Profit on transfer of bare-shell building to co-developer after approval from authority gets sec. 80

IT : Where assessee's claim for deduction under section 80-IAB was rejected on ground that it had sold bare-shell building to co-developer which was not a permitted activity, in view of fact that Board of Approval (BOA) had granted approval for transfer of bare-shell to co-developer in accordance with relevant provisions of SEZ Act and SEZ Rules, profits arising to assessee from such an authorised transaction were eligible for deduction