https://www.taxtmi.com/caselaws?id=191034 For deduction under section 80IB(10), ownership of the land is not a necessary condition, and the decisive question is whether the assessee acted as a housing project developer rather than a mere contractor. On the stated facts, substantial investment, entrepreneurial risk, completion obligations, and exposure to liquidated damages supported the characterisation of the assessee as a developer. The slum rehabilitation project also fell within the notified housing scheme brought into the section's scope by the CBDT notification dated 05-01-2011. Accordingly, the Revenue's contention that the assessee was only executing a works contract was rejected, and the project was treated as eligible for the deduction. en-us Fri, 29 Jan 2016 00:00:00 +0530 Sat, 18 Mar 2017 11:23:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191034 For deduction under section 80IB(10), ownership of the land is not a necessary condition, and the decisive question is whether the assessee acted as a housing project developer rather than a mere contractor. On the stated facts, substantial investment, entrepreneurial risk, completion obligations, and exposure to liquidated damages supported the characterisation of the assessee as a developer. The slum rehabilitation project also fell within the notified housing scheme brought into the section's scope by the CBDT notification dated 05-01-2011. Accordingly, the Revenue's contention that the assessee was only executing a works contract was rejected, and the project was treated as eligible for the deduction. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191034