https://www.taxtmi.com/caselaws?id=179473 The High Court upheld the decision of the Tribunal and CIT(A), allowing the appellant, a construction firm, to claim deduction u/s.80IB(10) for a housing project despite not owning the land. The court emphasized that ownership of land is not mandatory for the deduction if the developer assumes all risks and expenses. The appellant demonstrated authority to develop the land as a developer, not a contractor, leading to the dismissal of the Revenue's appeal. en-us Fri, 30 Mar 2012 00:00:00 +0530 Wed, 02 Mar 2016 17:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179473 The High Court upheld the decision of the Tribunal and CIT(A), allowing the appellant, a construction firm, to claim deduction u/s.80IB(10) for a housing project despite not owning the land. The court emphasized that ownership of land is not mandatory for the deduction if the developer assumes all risks and expenses. The appellant demonstrated authority to develop the land as a developer, not a contractor, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179473