https://www.taxtmi.com/caselaws?id=71794 Preparatory steps such as a development agreement, power of attorney, preliminary sanction requests, layout submission, land conversion steps and minor expenditure did not amount to commencement of development and construction before the statutory cut-off date. The Tribunal treated such acts as preliminary in nature, noting that building permission and non-agricultural permission were granted later and that there was no material change on the land before 1 October 1998. On that basis, the housing project was held to have commenced after the specified date, and the assessee qualified for deduction under section 80-IB(10). en-us Wed, 11 Aug 2004 00:00:00 +0530 Wed, 03 Jul 2024 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71794 Preparatory steps such as a development agreement, power of attorney, preliminary sanction requests, layout submission, land conversion steps and minor expenditure did not amount to commencement of development and construction before the statutory cut-off date. The Tribunal treated such acts as preliminary in nature, noting that building permission and non-agricultural permission were granted later and that there was no material change on the land before 1 October 1998. On that basis, the housing project was held to have commenced after the specified date, and the assessee qualified for deduction under section 80-IB(10). Case-Laws Income Tax Wed, 11 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71794