https://www.taxtmi.com/caselaws?id=177481 The Court dismissed the Tax Appeal, affirming the Tribunal's decision to delete the addition under section 80IB(10) of the Income Tax Act, 1961. It was found that the assessee had total control and responsibility over the housing project development, assuming all risks and bearing all expenses. The Court emphasized the assessee's active involvement in the project, including construction, sale of units, and financial arrangements, while the landowner had received a fixed price for the land and was insulated from project risks. en-us Mon, 28 Jan 2013 00:00:00 +0530 Mon, 11 Jan 2016 11:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177481 The Court dismissed the Tax Appeal, affirming the Tribunal's decision to delete the addition under section 80IB(10) of the Income Tax Act, 1961. It was found that the assessee had total control and responsibility over the housing project development, assuming all risks and bearing all expenses. The Court emphasized the assessee's active involvement in the project, including construction, sale of units, and financial arrangements, while the landowner had received a fixed price for the land and was insulated from project risks. Case-Laws Income Tax Mon, 28 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177481