https://www.taxtmi.com/caselaws?id=183101 An assessee that developed and constructed a housing project on land not owned by it was treated as eligible for deduction under section 80IB(10) because it had possession, dominant control, bore the project risk and expense, obtained permissions, and functioned as a developer rather than a fixed-remuneration contractor. The governing approach in the cited tribunal precedents was that legal ownership of the land was not an express statutory requirement where the assessee otherwise developed an approved housing project. On those facts, the deduction was also extended to profits attributable to unutilized FSI, as they formed part of the same development activity. en-us Thu, 31 Mar 2011 00:00:00 +0530 Sat, 28 May 2016 10:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183101 An assessee that developed and constructed a housing project on land not owned by it was treated as eligible for deduction under section 80IB(10) because it had possession, dominant control, bore the project risk and expense, obtained permissions, and functioned as a developer rather than a fixed-remuneration contractor. The governing approach in the cited tribunal precedents was that legal ownership of the land was not an express statutory requirement where the assessee otherwise developed an approved housing project. On those facts, the deduction was also extended to profits attributable to unutilized FSI, as they formed part of the same development activity. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183101