https://www.taxtmi.com/caselaws?id=245578 Section 80IB(10) relief is not confined to a developer holding legal title to the land where the assessee undertakes the housing project at its own risk, controls construction and sales, and the arrangement gives rise to deemed transfer by part performance; on that basis, the assessee can be treated as the developer for deduction purposes. However, profit attributable to sale of unutilized floor space index is not profit derived from development and construction of the housing project when the available FSI is substantially underused, because that receipt has a separate commercial character and does not form part of housing-project profits. en-us Wed, 12 Mar 2014 00:00:00 +0530 Thu, 25 Sep 2025 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245578 Section 80IB(10) relief is not confined to a developer holding legal title to the land where the assessee undertakes the housing project at its own risk, controls construction and sales, and the arrangement gives rise to deemed transfer by part performance; on that basis, the assessee can be treated as the developer for deduction purposes. However, profit attributable to sale of unutilized floor space index is not profit derived from development and construction of the housing project when the available FSI is substantially underused, because that receipt has a separate commercial character and does not form part of housing-project profits. Case-Laws Income Tax Wed, 12 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245578