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2018 (10) TMI 508 - HC - Income TaxDeduction u/s 80IB [10] - assessee developer of the Housing Project - AO disallowed the claim mainly on the ground that the assessee was not the owner of the land and the approval of the project was not in the name of the assessee - Held that:- As decided in assessee's own case [2018 (9) TMI 1181 - GUJARAT HIGH COURT] held that the assessee had undertaken the development of housing project at their own risk and cost. The owner of the land had accepted the full price of the land. He was therefore not concerned with the successor or failure of the housing project. Reference was made to the definition of term “transfer” under section 2(47)and held that merely because the land was held by the original owner when the housing development project was executed, would not be detrimental to the assessee's claim of deduction under section 80IB(10) - Decided against revenue
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