https://www.taxtmi.com/caselaws?id=248205 The High Court upheld the decision in favor of the Assessee, affirming their eligibility for deduction under section 80IB(10) of the Income Tax Act. The court emphasized that ownership of the land was not a prerequisite for claiming the deduction and dismissed the Revenue's appeal based on consistency with previous rulings and evidence presented. The Assessee's status as a developer and builder, rather than just a contractor, was key in determining their entitlement to the deduction. en-us Fri, 16 May 2014 00:00:00 +0530 Thu, 05 Jun 2014 11:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248205 The High Court upheld the decision in favor of the Assessee, affirming their eligibility for deduction under section 80IB(10) of the Income Tax Act. The court emphasized that ownership of the land was not a prerequisite for claiming the deduction and dismissed the Revenue's appeal based on consistency with previous rulings and evidence presented. The Assessee's status as a developer and builder, rather than just a contractor, was key in determining their entitlement to the deduction. Case-Laws Income Tax Fri, 16 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248205