https://www.taxtmi.com/caselaws?id=247781 Deduction under section 80IB(10) was treated as available where the assessee developed the housing project under a development arrangement, obtained possession, controlled construction, bore the financial burden and assumed commercial risk, even though formal title had not passed and approvals stood in the landowner's name. The deeming effect of section 2(47)(v) read with section 53A supported treating the assessee as owner for this limited tax purpose. On these facts, the assessee was not a mere works contractor acting for fixed remuneration on behalf of the landowner, so denial of the deduction on absence of registered ownership was not justified. en-us Wed, 07 May 2014 00:00:00 +0530 Thu, 30 Jul 2015 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247781 Deduction under section 80IB(10) was treated as available where the assessee developed the housing project under a development arrangement, obtained possession, controlled construction, bore the financial burden and assumed commercial risk, even though formal title had not passed and approvals stood in the landowner's name. The deeming effect of section 2(47)(v) read with section 53A supported treating the assessee as owner for this limited tax purpose. On these facts, the assessee was not a mere works contractor acting for fixed remuneration on behalf of the landowner, so denial of the deduction on absence of registered ownership was not justified. Case-Laws Income Tax Wed, 07 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247781