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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Allowability of deduction u/s 80IB(10) and 80IB(1) – It does not ...

Case Laws     Income Tax

December 1, 2014

Allowability of deduction u/s 80IB(10) and 80IB(1) – It does not provide that the land must be owned by the assessee seeking such deductions - it can be seen from the terms and conditions that the assessee had taken full responsibilities for execution of the development projects and have not acted only as a works contractor - deduction allowed - HC

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