Ownership of land not the criteria to decide status of developer to claim deduction u/s. 80IB(10)

HIGH COURT OF MADRAS Commissioner of Income tax Versus Sanghvi and Doshi Enterprise TAX CASE (APPEAL) NOS. 581 & 582 OF 2011 and 314 & 315 of 2012 M.P. No. 1 of 2011 NOVEMBER 1, 2012 JUDGMENT 1. Both the assessee as well as the Revenue have filed appeals as against the common order of the Income Tax Appellate Tribunal relating to the assessment years 2005-06 and 2006-07. 2. As far as Revenue’s Appeals (T.C.(A)Nos.581 and 582 of 2011) are concerned, at the time of admission, the following substantial questions of law were admitted by this Court for consideration: ...