https://www.taxtmi.com/caselaws?id=253675 Deduction under section 80IB(10) remained available where the assessee was the real developer of a housing project, even without ownership of the land. The development agreement showed full authority to develop the project, bearing of investment risk, and entitlement to profit or loss, which meant the activity was not a mere works contract. The broader works contract meanings applied in sales tax and VAT cases under K. Raheja Development Corporation and Larsen and Toubro could not be imported into the Income-tax Act. On those facts, the Explanation excluding works contracts did not apply, and the deduction was allowed. en-us Tue, 07 Oct 2014 00:00:00 +0530 Mon, 01 Dec 2014 06:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253675 Deduction under section 80IB(10) remained available where the assessee was the real developer of a housing project, even without ownership of the land. The development agreement showed full authority to develop the project, bearing of investment risk, and entitlement to profit or loss, which meant the activity was not a mere works contract. The broader works contract meanings applied in sales tax and VAT cases under K. Raheja Development Corporation and Larsen and Toubro could not be imported into the Income-tax Act. On those facts, the Explanation excluding works contracts did not apply, and the deduction was allowed. Case-Laws Income Tax Tue, 07 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253675