https://www.taxtmi.com/caselaws?id=783086 The HC upheld the ITAT's order allowing deduction under Section 80-IB(10) to the assessee engaged in developing and constructing a housing project. It held that legal ownership of the land is not a statutory precondition for claiming the deduction, provided the assessee functions as a developer and not merely as a works contractor. On examining the construction agreement, the HC found that the assessee assumed the risks, responsibilities and attributes of a developer, thus satisfying the conditions of Section 80-IB(10). The substantial question of law was answered in favour of the assessee. en-us Mon, 01 Dec 2025 00:00:00 +0530 Tue, 09 Dec 2025 08:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783086 The HC upheld the ITAT's order allowing deduction under Section 80-IB(10) to the assessee engaged in developing and constructing a housing project. It held that legal ownership of the land is not a statutory precondition for claiming the deduction, provided the assessee functions as a developer and not merely as a works contractor. On examining the construction agreement, the HC found that the assessee assumed the risks, responsibilities and attributes of a developer, thus satisfying the conditions of Section 80-IB(10). The substantial question of law was answered in favour of the assessee. Case-Laws Income Tax Mon, 01 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783086