https://www.taxtmi.com/caselaws?id=329714 Deduction under section 80IB(10) was held available where the assessee developed a housing project under a development agreement, bore project expenditure, and assumed the risks of construction and development. Ownership of the land was not treated as a pre-condition for the relief; dominion over the project through the agreement was sufficient. The arrangement was also considered in the context of section 2(47) of the Income-tax Act read with section 53A of the Transfer of Property Act, and the assessee was characterised as a developer rather than a mere contractor. The Revenue's challenge to the deduction therefore failed. en-us Mon, 16 May 2016 00:00:00 +0530 Fri, 08 Jul 2016 12:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329714 Deduction under section 80IB(10) was held available where the assessee developed a housing project under a development agreement, bore project expenditure, and assumed the risks of construction and development. Ownership of the land was not treated as a pre-condition for the relief; dominion over the project through the agreement was sufficient. The arrangement was also considered in the context of section 2(47) of the Income-tax Act read with section 53A of the Transfer of Property Act, and the assessee was characterised as a developer rather than a mere contractor. The Revenue's challenge to the deduction therefore failed. Case-Laws Income Tax Mon, 16 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329714