https://www.taxtmi.com/caselaws?id=247301 The High Court upheld the assessee's eligibility for benefits under Section 80IB(10) of the Income Tax Act, 1961, despite the project approval not being in the assessee's name but in the landowner's name. The court emphasized that the assessee bore the risks and costs of the project, qualifying them for the deduction. Additionally, the court found that the residential units exceeding the prescribed limit were not part of the claimed housing project, affirming compliance with the limits. The High Court dismissed the revenue's appeals, stating no substantial question arose from the Tribunal's order, and affirmed the assessee's eligibility for the benefits under Section 80IB(10). en-us Wed, 05 Mar 2014 00:00:00 +0530 Thu, 08 May 2014 10:31:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247301 The High Court upheld the assessee's eligibility for benefits under Section 80IB(10) of the Income Tax Act, 1961, despite the project approval not being in the assessee's name but in the landowner's name. The court emphasized that the assessee bore the risks and costs of the project, qualifying them for the deduction. Additionally, the court found that the residential units exceeding the prescribed limit were not part of the claimed housing project, affirming compliance with the limits. The High Court dismissed the revenue's appeals, stating no substantial question arose from the Tribunal's order, and affirmed the assessee's eligibility for the benefits under Section 80IB(10). Case-Laws Income Tax Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247301