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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

It is only performed the work as a contractor and the assessee’s ...


Contractor Not Developer: No Section 80IB(10) Benefits for Assessee Lacking Design Role or Investment in Project.

February 4, 2017

Case Laws     Income Tax     AT

It is only performed the work as a contractor and the assessee’s job is not included designing the project and selling of the project and the assessee would not get any share in the constructed area and in the undivided property and the assessee cannot be said to have invested its own money to carry on the project - Assessee cannot be held as developer u/s 80IB(10) - AT

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