Housing project for purpose of section 80-IB(10) does not include construction of commercial establishment carried out by another entity in that area

DECIDED BY: ITAT MUMBAI BENCH `H’ MUMBAI, IN THE CASE OF: ITO Vs. Khyati Financial Services, APPEAL NO: ITA No. 3740/Mum/2008, DECIDED ON June 25, 2010 _______RELEVANT EXTRACTS_______ The assessee is a partnership firm consisting of two partners viz M/s Khyati Financial Services P.Ltd & Shri. Paresh Mohanlal Parekh. The appellant firm entered into a development agreement on 25.4.2003 with Hickson & Dadajee P.Ltd a company duly incorporated under the Companies Act, 1956 to develop property situated at Village Pahadi, Goregaon (E) owed by M/s Hickson & Dadajee P.Ltd In pursuanc...