https://www.taxtmi.com/caselaws?id=210394 Section 80IB(10) deduction is not confined to cases where the assessee holds legal title to the land; the provision focuses on whether the assessee develops and builds the housing project as a developer. Where the development agreement shows that the assessee undertakes the project at its own cost and risk, controls construction, engages contractors and professionals, enrols purchasers, and bears profit or loss, the arrangement is treated as a development project rather than a mere works contract. The text also notes that deemed transfer principles under Section 2(47)(v) and Section 53A support treating the assessee as owner-like for this limited tax purpose. en-us Tue, 13 Dec 2011 00:00:00 +0530 Thu, 25 Sep 2025 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210394 Section 80IB(10) deduction is not confined to cases where the assessee holds legal title to the land; the provision focuses on whether the assessee develops and builds the housing project as a developer. Where the development agreement shows that the assessee undertakes the project at its own cost and risk, controls construction, engages contractors and professionals, enrols purchasers, and bears profit or loss, the arrangement is treated as a development project rather than a mere works contract. The text also notes that deemed transfer principles under Section 2(47)(v) and Section 53A support treating the assessee as owner-like for this limited tax purpose. Case-Laws Income Tax Tue, 13 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210394