https://www.taxtmi.com/caselaws?id=326556 The tribunal upheld the decision of the Commissioner of Income-Tax (Appeals) [CIT(A)], ruling in favor of the assessee. It held that the assessee, despite not owning the land outright, qualified as a developer under section 80IB(10) of the Income Tax Act, 1961. The tribunal emphasized that the assessee bore the entrepreneurship risks of the housing project, distinguishing them from a mere contractor. Consequently, the tribunal directed the Assessing Officer to delete the disallowance of the deduction, dismissing the AO's appeal. en-us Thu, 25 Feb 2016 00:00:00 +0530 Tue, 19 Apr 2016 11:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326556 The tribunal upheld the decision of the Commissioner of Income-Tax (Appeals) [CIT(A)], ruling in favor of the assessee. It held that the assessee, despite not owning the land outright, qualified as a developer under section 80IB(10) of the Income Tax Act, 1961. The tribunal emphasized that the assessee bore the entrepreneurship risks of the housing project, distinguishing them from a mere contractor. Consequently, the tribunal directed the Assessing Officer to delete the disallowance of the deduction, dismissing the AO's appeal. Case-Laws Income Tax Thu, 25 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326556