Deduction U/s. 80IB(10) allowable to Assessee on development of a housing project even if the land is not owned by him

HIGH COURT OF GUJARAT Commissioner of Income-tax, Ahmedabad -IV versus Mahadev Developers TAX APPEAL NO. 570 of 2012 JANUARY 28, 2013 ORDER Akil Kureshi, J. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 20th April 2012 raising following question for our consideration : “Whether, in the facts and circumstances of the case, the Income Tax Appellate Tribunal has erred in law in deleting the addition of Rs.59,47,889/- made under section 80IB(10) of the Income Tax Act, 1961?” 2. Issue pertains to deduction claim by the assessee un...