The Commissioner of Income-tax, Chennai v. M/s. Mahalakshmi Housing
[Citation -2014-LL-1210-27]
| Citation | 2014-LL-1210-27 |
|---|---|
| Appellant Name | The Commissioner of Income-tax, Chennai |
| Respondent Name | M/s. Mahalakshmi Housing |
| Court | HIGH COURT OF MADRAS |
| Relevant Act | Income-tax |
| Date of Order | 10/12/2014 |
| Judgment | View Judgment |
| Keyword Tags | construction of housing project |
| Bot Summary: | Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that the assessee had satisfied the conditions laid down under Section 80IB(10) and is eligible for deduction under Section 80IB(10) 2. Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that assessee cannot be treated only as a contractor as per the terms of the agreement between the owner of the land and the assessee for the purpose of claiming benefit under Section 80IB 3. Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that developer or builder, is eligible for claiming benefit under Section 80IB(10), and assessee can be treated as developer or builder, eligible for claiming benefit under section 80IB(10) 4. Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that assessee need not be a building cum developer for claiming deduction under Section 80IB(10) 3 5. Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that assessee need not own the land and then develop cum build the housing project of the purpose of claiming deduction under Section 80IB(10) 6. Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that assessee is entitled for deduction under Section 80IB(10) even though the construction work was outsourced to a subcontractor 7. Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that assessee is entitled for the deduction under Section 80IB(10) for the housing project with respect to flats with built up area not exceeding 1500 sq. |