https://www.taxtmi.com/caselaws?id=242868 The Gujarat High Court ruled in a tax appeal case that ownership of land is not a prerequisite for claiming deductions under sections 80IB(10) and 80IB(1) of the Income Tax Act. The court upheld the ITAT's decision to allow the deduction for construction activities even when the land was not owned by the assessee, citing a precedent that clarified the benefits could be availed without land ownership. The High Court dismissed the Revenue's appeal, emphasizing that entitlement to the deduction does not depend on land ownership transfer to the assessee. en-us Thu, 26 Dec 2013 00:00:00 +0530 Wed, 22 Jan 2014 06:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242868 The Gujarat High Court ruled in a tax appeal case that ownership of land is not a prerequisite for claiming deductions under sections 80IB(10) and 80IB(1) of the Income Tax Act. The court upheld the ITAT's decision to allow the deduction for construction activities even when the land was not owned by the assessee, citing a precedent that clarified the benefits could be availed without land ownership. The High Court dismissed the Revenue's appeal, emphasizing that entitlement to the deduction does not depend on land ownership transfer to the assessee. Case-Laws Income Tax Thu, 26 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242868