https://www.taxtmi.com/caselaws?id=466948 Entitlement to deduction under Section 80-IB(10) turned on whether the taxpayer acted as developer/builder or merely as contractor; the tribunal applied a substance-over-form test, emphasising approvals, infrastructure development, marketing, assumption of development risk and cost, agreements with buyers prescribing construction specifications and retention of title/possession until full payment, and delivery of completed residential units. Registered sale-deeds executed for financing did not negate the parties' contractual arrangements or conduct. On these factual and legal points the tribunal treated the assessee as a developer and allowed the deduction for the years in dispute. en-us Mon, 24 Feb 2025 00:00:00 +0530 Fri, 27 Feb 2026 08:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466948 Entitlement to deduction under Section 80-IB(10) turned on whether the taxpayer acted as developer/builder or merely as contractor; the tribunal applied a substance-over-form test, emphasising approvals, infrastructure development, marketing, assumption of development risk and cost, agreements with buyers prescribing construction specifications and retention of title/possession until full payment, and delivery of completed residential units. Registered sale-deeds executed for financing did not negate the parties' contractual arrangements or conduct. On these factual and legal points the tribunal treated the assessee as a developer and allowed the deduction for the years in dispute. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466948