https://www.taxtmi.com/caselaws?id=260911 The Tribunal affirmed the Assessee's eligibility for deduction under section 80IB(10) of the Income Tax Act, emphasizing the practical purchase of land, assumption of development risks, and fulfillment of statutory conditions. The Tribunal distinguished the Assessee as a developer, not a mere contractor, in the housing project, based on the responsibilities outlined in the development agreement with the landowner association. The Revenue's appeal was dismissed, upholding the CIT(A)'s decision in favor of the Assessee. en-us Fri, 13 Feb 2015 00:00:00 +0530 Thu, 26 Feb 2015 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260911 The Tribunal affirmed the Assessee's eligibility for deduction under section 80IB(10) of the Income Tax Act, emphasizing the practical purchase of land, assumption of development risks, and fulfillment of statutory conditions. The Tribunal distinguished the Assessee as a developer, not a mere contractor, in the housing project, based on the responsibilities outlined in the development agreement with the landowner association. The Revenue's appeal was dismissed, upholding the CIT(A)'s decision in favor of the Assessee. Case-Laws Income Tax Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260911