https://www.taxtmi.com/caselaws?id=338468 The Tribunal dismissed the assessee's appeal, upholding the disallowance of the deduction under section 80IB(10) of the Income Tax Act. The Tribunal determined that the assessee acted as a contractor rather than a developer in the housing project, as its role was limited to constructing flats without owning the land or undertaking the project's development as a whole. Therefore, the assessee was deemed ineligible for the deduction. The decision was pronounced on 25th January 2017 in Chennai. en-us Wed, 25 Jan 2017 00:00:00 +0530 Wed, 01 Feb 2017 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338468 The Tribunal dismissed the assessee's appeal, upholding the disallowance of the deduction under section 80IB(10) of the Income Tax Act. The Tribunal determined that the assessee acted as a contractor rather than a developer in the housing project, as its role was limited to constructing flats without owning the land or undertaking the project's development as a whole. Therefore, the assessee was deemed ineligible for the deduction. The decision was pronounced on 25th January 2017 in Chennai. Case-Laws Income Tax Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338468