2012 (12) TMI 296

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....for I.T. Dept. For respondent: Mr. Jehangir D.J. Mistri Senior Advocate for M/s. A.S. Sriraman JUDGMENT CHITRA VENKATARAMAN, The Revenue is on appeal as against the order of the Income Tax Appellate Tribunal, Madras 'A' Bench, dated 28th March 2008 in ITA.No.1228/Mds/2007 and ITA.No.1229/Mds/2007 relating to the assessment year 2004-05. The following is the common question of law arisi....

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....ppellate Tribunal, holding that for the purpose of claiming deduction, it is not necessary that the assessee, who is engaged in the business of developing and construction of housing project, should be the owner of the land. Thus, applying the above-said decision, we reject Tax Case Appeal No.137/2009 filed by the Revenue.   3. As far as T.C.(A) No.138/2009 is concerned, the assessee is a ....