This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Sec. 80-IB(10) applicable not for merely building housing project but also for developing & building housing project
Case Law Details
- Case Name
- CIT Vs Shravanee Constructions (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Related Assessment Year
- 28/02/2012
- Courts
- All High Courts, Karnataka High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
S. 80-IB(10) deduction available to taxpayer who is not merely a land owner but carries on activities along with promoter for developing & building approved housing project
CIT v. Shravanee Constructions (Karnataka High Court)
Section 80-IB(10) of the Act is applicable not for merely building housing project but for developing and building housing project. In terms of the agreement, the taxpayer not only undertook the development activities on the land in question, but in fact the taxpayer entered into an agreement of sale with the owners of the land, paid the entire consideration...
