https://www.taxtmi.com/caselaws?id=330932 Deduction under section 80IB(10) cannot be denied merely because the assessee is not the owner of the land. The decisive requirement is that the assessee must have undertaken and developed the housing project as a developer and otherwise satisfied the statutory conditions. Development agreements with land-owning societies, by themselves, do not establish that the assessee was only a contractor or land dealer. On that reasoning, ownership of land is not a statutory precondition for the deduction, and a developer carrying out the housing project may remain eligible if the project meets the prescribed requirements. en-us Wed, 29 Jun 2016 00:00:00 +0530 Tue, 09 Aug 2016 12:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330932 Deduction under section 80IB(10) cannot be denied merely because the assessee is not the owner of the land. The decisive requirement is that the assessee must have undertaken and developed the housing project as a developer and otherwise satisfied the statutory conditions. Development agreements with land-owning societies, by themselves, do not establish that the assessee was only a contractor or land dealer. On that reasoning, ownership of land is not a statutory precondition for the deduction, and a developer carrying out the housing project may remain eligible if the project meets the prescribed requirements. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330932