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2012 (10) TMI 1089 - AT - Income TaxIrrigation project - whether qualifies for deduction under Section 80IA - Held that:- the infrastructure is developed and handed over to the Government - it cannot be considered as a mere works contract but considered as a development of infrastructure facility - assessee is a developer and not a works contractor - the contracts involves development, operating, maintenance, financial involvement, and defect correction and liability period - the assessee satisfied two conditions - investment in eligible projects and execution of project by itself - and hence eligible for deduction u/s 80IA - Decided in favor of assessee
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