https://www.taxtmi.com/caselaws?id=256257 Section 80IB(10) deduction is available to a builder who develops and builds a housing project even if the builder does not own the land, because land ownership is not a statutory precondition. Car park area cannot be included in the built-up area of a residential unit for computing the section's limit, since built-up area refers to the residential unit's inner measurements and excludes common areas; parking space is treated as a common area. The article therefore affirms that the deduction remains available where these conditions are satisfied. en-us Tue, 27 Jan 2015 00:00:00 +0530 Mon, 08 Dec 2025 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256257 Section 80IB(10) deduction is available to a builder who develops and builds a housing project even if the builder does not own the land, because land ownership is not a statutory precondition. Car park area cannot be included in the built-up area of a residential unit for computing the section's limit, since built-up area refers to the residential unit's inner measurements and excludes common areas; parking space is treated as a common area. The article therefore affirms that the deduction remains available where these conditions are satisfied. Case-Laws Income Tax Tue, 27 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256257