Ownership of land not necessary for builder to claim deduction u/s. 80-IB(10)

IN THE ITAT HYDERABAD BENCH ‘B’ Deputy Commissioner of Income-tax, Circle 3(3), Hyderabad Versus Vertex Homes (P.) Ltd. IT Appeal No. 979 (Hyd.) of 2012 [Assessment year 2008-09] October 12, 2012 ORDER Sanjay Arora, Accountant Member This is an Appeal by the Revenue, directed against the Order dated 30/3/2012 by the Commissioner of Income-tax (Appeals)-IV, Hyderabad, partly allowing the assessee’s appeal contesting its assessment under section 143(3) of the Income-tax Act, 1961 (‘the Act’ hereinafter) vide order dated 30.12.2010 for assessment ye...