https://www.taxtmi.com/caselaws?id=178667 Deduction under section 80IB(10) was examined in light of the development agreement, the completion condition, and the Explanation inserted by Finance (No. 2) Act, 2009. The Tribunal treated the completion issue as a pure question of law and applied the Explanation retrospectively from 01-04-2001. It stated that a housing project executed as a works contract falls outside the deduction, and that all statutory conditions must be satisfied for eligibility. The matter was sent back for fresh examination to determine whether the assessee acted only as a contractor for fixed consideration or had dominant control and developed the project on its own account. en-us Fri, 27 Nov 2009 00:00:00 +0530 Wed, 10 Feb 2016 14:57:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178667 Deduction under section 80IB(10) was examined in light of the development agreement, the completion condition, and the Explanation inserted by Finance (No. 2) Act, 2009. The Tribunal treated the completion issue as a pure question of law and applied the Explanation retrospectively from 01-04-2001. It stated that a housing project executed as a works contract falls outside the deduction, and that all statutory conditions must be satisfied for eligibility. The matter was sent back for fresh examination to determine whether the assessee acted only as a contractor for fixed consideration or had dominant control and developed the project on its own account. Case-Laws Income Tax Fri, 27 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178667