https://www.taxtmi.com/caselaws?id=254139 A housing project developed under an agreement was treated as eligible for deduction under section 80IB(10) because the assessee had taken possession of the land, borne development risk and cost, exercised full construction control, enrolled members, and collected consideration. The court applied Radhe Developers and held that the broader sales tax meaning of "works contract" could not be imported into section 80IB(10) of the Income-tax Act. Supreme Court decisions relied on by the Revenue, being rendered under sales tax and VAT statutes, did not change that position. The activity was therefore not a disqualifying works contract, and the deduction remained available. en-us Tue, 07 Oct 2014 00:00:00 +0530 Wed, 29 Jul 2015 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254139 A housing project developed under an agreement was treated as eligible for deduction under section 80IB(10) because the assessee had taken possession of the land, borne development risk and cost, exercised full construction control, enrolled members, and collected consideration. The court applied Radhe Developers and held that the broader sales tax meaning of "works contract" could not be imported into section 80IB(10) of the Income-tax Act. Supreme Court decisions relied on by the Revenue, being rendered under sales tax and VAT statutes, did not change that position. The activity was therefore not a disqualifying works contract, and the deduction remained available. Case-Laws Income Tax Tue, 07 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254139