https://www.taxtmi.com/caselaws?id=403724 Deduction under section 80-IB(10) is available only where the claimant substantively develops and builds an approved housing project, not where it merely owns land. The decisive test is whether the assessee undertook developmental activity, bore construction costs, assumed project risk, and controlled execution as owner, developer, or joint developer. On the stated facts, the assessee had transferred part of the land, the construction was carried out by the developer, and no construction expenditure or actual development role was established. The deduction was therefore denied and the order allowing it was set aside in favour of the Revenue. en-us Thu, 28 Jan 2021 00:00:00 +0530 Sat, 06 Feb 2021 10:53:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403724 Deduction under section 80-IB(10) is available only where the claimant substantively develops and builds an approved housing project, not where it merely owns land. The decisive test is whether the assessee undertook developmental activity, bore construction costs, assumed project risk, and controlled execution as owner, developer, or joint developer. On the stated facts, the assessee had transferred part of the land, the construction was carried out by the developer, and no construction expenditure or actual development role was established. The deduction was therefore denied and the order allowing it was set aside in favour of the Revenue. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403724