2012 (7) TMI 972 - SCH - Income Tax

Deduction u/s 80IB - undertaking developing and building housing projects Revenue stressing on the requirement of ownership of the land to qualify for deduction u/s 80IB(10) Held that - SLP dismissed. HC order confirmed. 2011 (12) TMI 248 - GUJARAT HIGH COURT . Assessee were entitled to the benefit u/s 80IB(10) even where the title of the lands had not passed on to the assessee and in some cases the development permissions may also have been obtained in the name of the original land owners Decided against the Revenue.