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2021 (3) TMI 428 - ITAT KOLKATADeduction u/s 80IA(4) - according to AO in view of the explanation inserted below Section 80IA(13) with retrospective effect from 01.04.2008 has over-riding influence and debars the assessee’s claim, because, the assessee’s claim of deduction u/s 80IA(4) are in relation to business in the nature of works contract - HELD THAT:- Since the assessee is a developer in the new as well as existing infrastructural projects as stated above, deduction claimed by the assessee u/s 80IA for the A.Y. 2016- 17, to be allowed as rightly decided by Ld. CIT(A) - Decided in favour of assessee.
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