Whether mere sale of development rights would equate to activities of developer and builder eligible for deduction u/s. 80-IB

Assistant / Deputy Commissioner of Income Tax Vs Bombay Real Estate Development Company Private Limited (ITAT Mumbai)- Whether the CIT(A) erred in directing the AO to allow the deduction u/s 80-IB(10) to the assessee as allowable to a developer and builder for the Poisar Housing Project at Kandivali (E).- Whether the receipts of sale proceeds of development right would amount to income eligible for deduction u/s. 80-IB. – Whether mere sale of development rights would equate to activities of developer and builder eligible for deduction u/

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