Court Allows Deduction u/s 80IB(1) Despite Assessee Not Owning Land or Having Project Approval.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Deduction u/s. 80IB(1) - Assessee was not the owner of the land and the approval of the project was not in the name of Assessee - the section does not prescribe anywhere that the commencement certificate should be in the name of Assessee. - Admittedly the Assessee has developed the project. - Benefit of exemption / deduction cannot be denied - HC....