https://www.taxtmi.com/caselaws?id=209008 Deduction under section 80-IB(10) was available where the assessee developed and built the housing project with effective possession, control, financing, planning, execution, and commercial risk, even though the land stood in the society's name; legal ownership was not treated as essential. The project was therefore regarded as developed by a de facto owner rather than a mere contractor. On built-up area, the revenue could not rely on visual estimation alone, and parking space was excluded from the residential unit because it is not space for human habitation. The size condition was not shown to be breached, so the housing project deduction was allowed. en-us Fri, 25 Mar 2011 00:00:00 +0530 Tue, 07 Feb 2012 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209008 Deduction under section 80-IB(10) was available where the assessee developed and built the housing project with effective possession, control, financing, planning, execution, and commercial risk, even though the land stood in the society's name; legal ownership was not treated as essential. The project was therefore regarded as developed by a de facto owner rather than a mere contractor. On built-up area, the revenue could not rely on visual estimation alone, and parking space was excluded from the residential unit because it is not space for human habitation. The size condition was not shown to be breached, so the housing project deduction was allowed. Case-Laws Income Tax Fri, 25 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209008