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2016 (2) TMI 464 - AT - Income TaxDisallowance of claim of the assessee made u/s.80-IB(10) - Held that:- It is seen that the entire risk is of the appellant who is developing the project and there is no agreement for fixed remuneration as a contractor. In the instant case, the appellant has purchased the land for fixed consideration and has developed the housing project on its own cost and there is no joint venture with the land owner and thus in terms of decision in the case of M/s. Shakti Corporation [2008 (11) TMI 436 - ITAT AHMEDABAD ] and the ratio of Radhe Developers [2007 (6) TMI 316 - ITAT AHMEDABAD ] the AO is directed to allow deduction u/s.80IB(10) to the appellant. - Decided in favour of assessee
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