Sec. 80-IB of the Income-tax Act, 1961 - Deduction - A plain reading of Section 80IB(10) of the Act evidently makes it clear that deduction is available in a case where an undertaking develops and builds a housing project. The Section clearly draws the distinction between 'developing' and 'building'. It is noted that the assessee is the developer and M/s.ETA is the builder and mutual rights and obligations are inextricably linked with each other and undoubtedly, the project is a housing project thereby, the assessee would be entitled to claim deduction under section 80IB (10) of the Act. - CIT V/s ASTORIA LEATHERS - [2020] 273 TAXMAN 159 (MAD)