https://www.taxtmi.com/caselaws?id=368542 The High Court dismissed the Tax Appeal filed by the Revenue, upholding the ITAT's decision to allow the deduction under Section 80IB [10] of the Act to the assessee. The Court held that the assessee's involvement in the development of the housing project at their own risk and cost qualified them for the deduction, despite some project aspects being executed as work contracts. The Court emphasized the assessee's role as a developer based on their undertaking of the project's development, regardless of land ownership during execution. en-us Mon, 08 Oct 2018 00:00:00 +0530 Wed, 10 Oct 2018 09:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368542 The High Court dismissed the Tax Appeal filed by the Revenue, upholding the ITAT's decision to allow the deduction under Section 80IB [10] of the Act to the assessee. The Court held that the assessee's involvement in the development of the housing project at their own risk and cost qualified them for the deduction, despite some project aspects being executed as work contracts. The Court emphasized the assessee's role as a developer based on their undertaking of the project's development, regardless of land ownership during execution. Case-Laws Income Tax Mon, 08 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368542