https://www.taxtmi.com/caselaws?id=183135 The Tribunal ruled in favor of the appellant, upholding their right to claim the deduction under section 80 IB(10) without necessitating ownership of the land. The decision emphasized that statutory provisions did not mandate land ownership for developers to qualify for the deduction, aligning with the legal interpretation provided by the Hon'ble Gujarat High Court. The Tribunal dismissed the AO's appeal, emphasizing that legislative intent cannot impose additional conditions beyond what is explicitly stated in the statute. en-us Tue, 22 Mar 2016 00:00:00 +0530 Mon, 30 May 2016 16:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183135 The Tribunal ruled in favor of the appellant, upholding their right to claim the deduction under section 80 IB(10) without necessitating ownership of the land. The decision emphasized that statutory provisions did not mandate land ownership for developers to qualify for the deduction, aligning with the legal interpretation provided by the Hon'ble Gujarat High Court. The Tribunal dismissed the AO's appeal, emphasizing that legislative intent cannot impose additional conditions beyond what is explicitly stated in the statute. Case-Laws Income Tax Tue, 22 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183135