https://www.taxtmi.com/caselaws?id=253239 The High Court confirmed that the developer did not need to be the property owner to avail of the deduction under Section 80IB(10). The Court upheld the assessee's classification as a developer or builder, making them eligible for the deduction. It was clarified that ownership of the land was not mandatory for claiming the deduction. The Court also affirmed that outsourcing construction work to a subcontractor did not disqualify the assessee from the deduction. The exclusion of private terrace area from the built-up area for the deduction was upheld. The Court allowed the deduction for residential flats not exceeding 1500 sq.ft. despite other flats exceeding this limit, provided statutory conditions were met. Despite the completion certificate being issued after the specified date, the Court confirmed that the project was completed within the prescribed period for claiming the deduction under Section 80IB(10)(a). en-us Wed, 12 Nov 2014 00:00:00 +0530 Wed, 19 Nov 2014 08:26:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253239 The High Court confirmed that the developer did not need to be the property owner to avail of the deduction under Section 80IB(10). The Court upheld the assessee's classification as a developer or builder, making them eligible for the deduction. It was clarified that ownership of the land was not mandatory for claiming the deduction. The Court also affirmed that outsourcing construction work to a subcontractor did not disqualify the assessee from the deduction. The exclusion of private terrace area from the built-up area for the deduction was upheld. The Court allowed the deduction for residential flats not exceeding 1500 sq.ft. despite other flats exceeding this limit, provided statutory conditions were met. Despite the completion certificate being issued after the specified date, the Court confirmed that the project was completed within the prescribed period for claiming the deduction under Section 80IB(10)(a). Case-Laws Income Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253239