https://www.taxtmi.com/caselaws?id=217297 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 80IB(10) of the Income Tax Act for the assessee. It ruled that ownership of the land is not a prerequisite for claiming the deduction, as long as the developer demonstrates effective control over the project. The Tribunal rejected the Revenue's arguments regarding ownership and approval by the local authority, as well as the sale of unutilized Floor Space Index (FSI), affirming that the assessee met the necessary conditions for the deduction. en-us Fri, 13 Jul 2012 00:00:00 +0530 Thu, 20 Sep 2012 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217297 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 80IB(10) of the Income Tax Act for the assessee. It ruled that ownership of the land is not a prerequisite for claiming the deduction, as long as the developer demonstrates effective control over the project. The Tribunal rejected the Revenue's arguments regarding ownership and approval by the local authority, as well as the sale of unutilized Floor Space Index (FSI), affirming that the assessee met the necessary conditions for the deduction. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217297