https://www.taxtmi.com/caselaws?id=247073 The High Court upheld the Tribunal's decision allowing developers to claim deductions under section 80IB(10) despite not owning the land. However, the Court ruled in favor of the Revenue, stating that profits from the sale of unutilized Floor Space Index (FSI) were not eligible for deduction under section 80IB(10). The Tribunal's decisions were reversed on this issue. en-us Tue, 11 Mar 2014 00:00:00 +0530 Thu, 09 Oct 2014 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247073 The High Court upheld the Tribunal's decision allowing developers to claim deductions under section 80IB(10) despite not owning the land. However, the Court ruled in favor of the Revenue, stating that profits from the sale of unutilized Floor Space Index (FSI) were not eligible for deduction under section 80IB(10). The Tribunal's decisions were reversed on this issue. Case-Laws Income Tax Tue, 11 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247073