https://www.taxtmi.com/caselaws?id=367445 The respondent, despite not being the original landowner during project execution, was held eligible for a deduction under section 80IB(10) of the Income Tax Act by the High Court. The Court clarified that undertaking housing projects at one's risk and cost qualifies for the deduction, irrespective of land ownership during project execution. The Court emphasized that the nature of activities undertaken by the respondent qualified them as developers, not mere contractors, and highlighted the importance of entrepreneurial and investment risk in determining eligibility for such deductions. en-us Mon, 17 Sep 2018 00:00:00 +0530 Thu, 20 Sep 2018 08:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367445 The respondent, despite not being the original landowner during project execution, was held eligible for a deduction under section 80IB(10) of the Income Tax Act by the High Court. The Court clarified that undertaking housing projects at one's risk and cost qualifies for the deduction, irrespective of land ownership during project execution. The Court emphasized that the nature of activities undertaken by the respondent qualified them as developers, not mere contractors, and highlighted the importance of entrepreneurial and investment risk in determining eligibility for such deductions. Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367445