Deduction u/s. 80IB(10) - housing projects - land owner - It has ...

Landowner's Deduction Claim Denied u/s 80IB(10) Due to Lack of Developmental Activities Evidence.

February 6, 2021

Case Laws Income Tax AT

Deduction u/s. 80IB(10) - housing projects - land owner - It has not established either before the lower authorities or before us that it had undertaken developmental activities either as a Owner or as a Developer or Jointly. As a owner of the land , there was no risk to the assessee and its interest was in the realisation of the potentialities by way of encashing the past investment made etc. - AT

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Deduction u/s. 80IB(10) - housing projects - land owner - It has ...

Landowner's Deduction Claim Denied u/s 80IB(10) Due to Lack of Developmental Activities Evidence.

February 6, 2021

Case Laws Income Tax AT

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