The mere circumstance that the Indian Railways or DDA paid for ...

Indian Railways or DDA funding doesn't negate the developer's role in housing projects for Section 80-IB (10) deductions.

March 28, 2015

Case Laws     Income Tax     HC

The mere circumstance that the Indian Railways or DDA paid for development of a housing project carried out by the assessee, did not mean that the assessee did not develop the residential complex. If the revenue’s interpretation is accepted, no enterprise, carrying on the business of only developing the infrastructure facility, would be entitled to deduction u/s 80-IB (10). - HC

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