https://www.taxtmi.com/caselaws?id=462177 ITAT Cochin held that the assessee was entitled to deduction under Section 80IB(10) for housing project development. The department's objection that the assessee undertook works contract rather than developing housing project was rejected. The Tribunal found that the assessee entered into agreements for sale of undivided land shares and construction of flats, with purchasers having no choice of alternative builders. The transaction constituted housing project development, not works contract. The enabling clause in partnership deed for works contract did not alter this conclusion. Orders of lower authorities were set aside, directing grant of Section 80IB deduction. en-us Wed, 24 Sep 2014 00:00:00 +0530 Fri, 30 May 2025 09:28:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462177 ITAT Cochin held that the assessee was entitled to deduction under Section 80IB(10) for housing project development. The department's objection that the assessee undertook works contract rather than developing housing project was rejected. The Tribunal found that the assessee entered into agreements for sale of undivided land shares and construction of flats, with purchasers having no choice of alternative builders. The transaction constituted housing project development, not works contract. The enabling clause in partnership deed for works contract did not alter this conclusion. Orders of lower authorities were set aside, directing grant of Section 80IB deduction. Case-Laws Income Tax Wed, 24 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462177