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The Commissioner of Income-Tax- II NASHIK Versus Tapi Prestressed Products Ltd.

Beneficiary of the provisions of Section 80-IA(4) - whether the assessee could be said to be a developer of such project? - Held that:- The authorities below on facts came to the conclusion that the assessee could be said to be a developer as contemplated by Section 80-IA(4). We have perused both the judgments and 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 wa .....

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the provisions of Section 80-IA(4) of the Income Tax Act because he has developed, atleast partly, an infrastructure project. The assessee was given a contract by the Local Authority. It was a scheme for lifting water for domestic consumption in the city and also for irrigation. 3] The project was of such a nature that the designs were supposed to be developed by the contractor. The assessee being such contractor, developed the designs for this project, which were approved by the authorities of .....

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