https://www.taxtmi.com/caselaws?id=181296 Deduction under section 80IB(10) was available where the assessee had actually developed and built the housing project with dominant control, incurred the project costs, obtained possession, marketed the units, and bore the business risk. Formal ownership of the land was not treated as a statutory precondition, and the fact that the approvals and land records stood in the name of the societies did not defeat the claim. The Tribunal also noted that an undertaking is not excluded merely because it is described as a contractor, and relied on dominion over property and part-performance principles under section 2(47)(v) of the Income-tax Act read with section 53A of the Transfer of Property Act. The housing-project deduction was allowed. en-us Fri, 17 Jun 2011 00:00:00 +0530 Tue, 12 Apr 2016 18:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181296 Deduction under section 80IB(10) was available where the assessee had actually developed and built the housing project with dominant control, incurred the project costs, obtained possession, marketed the units, and bore the business risk. Formal ownership of the land was not treated as a statutory precondition, and the fact that the approvals and land records stood in the name of the societies did not defeat the claim. The Tribunal also noted that an undertaking is not excluded merely because it is described as a contractor, and relied on dominion over property and part-performance principles under section 2(47)(v) of the Income-tax Act read with section 53A of the Transfer of Property Act. The housing-project deduction was allowed. Case-Laws Income Tax Fri, 17 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181296