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2014 (10) TMI 1024 - ITAT MUMBAIEligibility of deduction u/s. 80IA(4) - income derived by the assessee from undertaking contract work - claim for deduction was declined by the lower authorities on the plea that the contract awarded to the assessee, it contributed only part of the whole Krishna water supply project and therefore the work of the assessee was not regarding entire water supply project - as per CIT-A the assessee is a developer of infrastructure facilities and eligible for claiming deduction - HELD THAT:- Assessee is entitled for deduction u/s 80 IA(4) of the Act. We have already held that assessee is entitled for deduction under section 80 IA(4) in respect of A.Y. 2004-05 and 2005-06 as relying on ABG HEAVY INDUSTRIES LIMITED [2010 (2) TMI 108 - BOMBAY HIGH COURT] . That decision will be applicable for A.Y 2007-08 in case of both the assesees. Therefore, these appeals of the assessee are also allowed.
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