best the assessee can be stated to have acted
as contractor for developing of housing project for and on
behalf of the land owners. Referring ... this project is/shall be on him that is on
Developer cum Contractor.
3) The said Developer cum Building Contractor is authorized
to admit
person who undertakes to develop real estate by
developing and constructing a housing project is an eligible
undertaking; developing and building of housing projects within ... assessee but to an undertaking developing and building housing project,
be it developed as a contractor or as an owner. This fact is evident
Agreement
dt.18-05--2000.
Clause 11(3):The said Developer cum Building Contractor is authorized to
admit the persons who are willing to join ... ground that the assesse did
not develop the project as developer rather worked as a contractor. It can be
inferedfrom the material available on record
developing on the said land mentioned in schedule by
this Agreement dt.18-05-2000.
Clause 11 (3): The said Developer cum Building Contractor ... with Developer cum Building
ITA No.1307/Ahd/12 A.Y. 2008-09 (ITO vs. M/s. Dhanshree Developers) 5
Contractor and thereafter also whatever
denied. What is objected is that the appellant is not the
developer and contractor. He is merely a supervisor. But the terms of
agreement with ... appellant is entirely responsible to develop and construct the Project. The appellant is
therefore, is a developer and contractor and hence, eligible for deduction under
housing society, who was referred to as the owner, and two
developers, namely Hash Builders Pvt. Ltd., Chandigarh and
Tata Housing Development Company Ltd. Strewn ... means to do so and had invited/ quotations from
builders/ contractors/ developers to Develop the
property vide advertisements published in The
Tribune dated
BUSINESS: The business of the partnership shall be as Builders, Developers Contractors, suppliers of Building materials, Real Estate Agent etc. However the parties here
hiimg.
Of course, it is also mentioned that respondent Contractor'
and Developer who stood as a mediator to negotiateie ... ociety,_and respondents 4 and 5 are said
to be contractors and developers. have persuaded the parties and
according;jto' the petitioner
party though he was permitted to engage
contractors etc but the overall responsibility was of the developer. In short,
assessee had no right in present ... Further, since the assessee is engaged in the business of builder,
developer, contractor, estate agent etc. therefore, such transfer of development
rights by the assessee
includes
civil construction work.
20 Meaning Developer is wider terms. Means developer can be
said to be a contractor but cannot vice a versa ... owner of the land but has carried out activities as
developer-cum-building contractor then also he is eligible for
deduction u/s 80IB
