Delegation of certain formalities to another entity would not dis-entitle developer from section 80IB(10) deductions

DCIT Vs Sahara India Sahkari Awas Samiti Ltd. (ITAT Delhi) In DCIT v. Sahara India Sahkari Awas [ITA Nos.2481 & 2482/Del/2011 and CO Nos.221 & 222/Del/2011 decided on July 19, 20201] Sahara India Sahkari Awas (Respondent), a cooperative society of Sahara India group and is engaged in the business of development and construction of residential and commercial units had executed a developer agreement with M/s Sahara India Commercial Corporation Ltd. (“SICCL”). The assessing officer, while concluding the assessment proceedings observed that, the Respondent is not eligible to claim the ...