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2015 (8) TMI 324 - ITAT PUNEEligibility for deduction u/s.80IA(4) - Held that:- The question that arose between the parties was, whether the assessee could be said to be a developer of such project. The authorities below on facts came to the conclusion that the assessee could be said to be a developer as contemplated by section 80IA(4). We have noticed that the authorities below have considered facts quite meticulously by minutely going through the terms of the contract and came to an unanimous conclusion that the assessee was a developer of the project. - Laxmi Civil Engineering Pvt. Ltd., Kolhapur Vs. Addl CIT-R-2, Kolhapur of IT AT, Pune [2012 (6) TMI 316 - ITAT, PUNE] and CLT Vs. ABG Heavy Industries Ltd. and Ors [2010 (2) TMI 108 - BOMBAY HIGH COURT]. - Decided in favour of assessee.
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