Case Law Details
Case Name : M/s Nirmala Developers C/o Manish Shah & Asso. Vs ITO (ITAT Ahmedabad)
Related Assessment Year :
Courts :
All ITAT ITAT Ahmedabad
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Brief of the case: ITAT Ahmedabad held in M/s Nirmala Developers Vs ITO that it was not necessary to be the owner of the land to claim the deduction u/s 80IB(10). But the necessary condition to claim the deduction u/s 80(IB)10 was that the assessee had borne the all expenses and took all the risk involved in the project.
Facts of the case: Assessee had claimed deduction u/s 80IB(10) of Rs 1,02,00,421 relating to “Gayatari Krupa Tenements” project in Vadod
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