https://www.taxtmi.com/caselaws?id=218992 Deduction under section 80IB(10) was discussed in the context of housing project development, with the key point being that land ownership was not a for eligibility where the assessee had developed the project as a developer, incurred construction expenditure, carried out infrastructure work, and sold dwelling units in its own right. For assessment years 2001-02 to 2004-05, absence of a completion certificate did not defeat the claim because that requirement applied only from assessment year 2005-06 onwards; the deduction was therefore available for those earlier years. For assessment year 2005-06, the amended completion-certificate condition applied and the claim was not accepted, while the later years were sent back for verification of the alleged completion certificate and a fresh decision. en-us Tue, 31 Jan 2012 00:00:00 +0530 Sat, 01 Dec 2012 07:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218992 Deduction under section 80IB(10) was discussed in the context of housing project development, with the key point being that land ownership was not a for eligibility where the assessee had developed the project as a developer, incurred construction expenditure, carried out infrastructure work, and sold dwelling units in its own right. For assessment years 2001-02 to 2004-05, absence of a completion certificate did not defeat the claim because that requirement applied only from assessment year 2005-06 onwards; the deduction was therefore available for those earlier years. For assessment year 2005-06, the amended completion-certificate condition applied and the claim was not accepted, while the later years were sent back for verification of the alleged completion certificate and a fresh decision. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218992