https://www.taxtmi.com/caselaws?id=245130 Deduction under section 80IB(10) is available where an assessee develops and constructs a housing project on its own risk and cost, even if it does not own the land and the development permission stands in the landowner's name. Ownership of the land is not a statutory condition for the deduction. Where the assessee has full control over execution, bears project risk, may engage contractors and professionals, and is entitled to profits and liable for losses, it is not merely a works contractor. Possession in part performance may also support treatment as owner for this limited purpose. On that basis, the deduction cannot be denied on the ground of non-ownership. en-us Wed, 05 Mar 2014 00:00:00 +0530 Wed, 18 Feb 2015 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245130 Deduction under section 80IB(10) is available where an assessee develops and constructs a housing project on its own risk and cost, even if it does not own the land and the development permission stands in the landowner's name. Ownership of the land is not a statutory condition for the deduction. Where the assessee has full control over execution, bears project risk, may engage contractors and professionals, and is entitled to profits and liable for losses, it is not merely a works contractor. Possession in part performance may also support treatment as owner for this limited purpose. On that basis, the deduction cannot be denied on the ground of non-ownership. Case-Laws Income Tax Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245130