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2012 (12) TMI 296 - HC - Income TaxBenefit of claim u/s 80IB(10) - developing and building housing projects - ownership as criteria - held that:- Assessee was not the owner of the property and the statutory appeal of the project was not on the name of the assessee - Sec 80IB of the Act did not warrant the ownership of the land - following the decision of the Gujarat High Court in Commissioner of Income-Tax V. Radhe Developers [2011 (12) TMI 248 - GUJARAT HIGH COURT] - case of Revenue was rejected and assessee is entitled to deduction u/s 80IB.
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