2019 (3) TMI 995 - SCH - Income Tax

Disallowance of deduction u/s 80IA (4) - assessee undertaken road development project, for which, it had entered into an agreement with Gujarat State Road Development Corporation which was incorporated by the Government for the special purpose - Tribunal deleting the disallowance of deduction made by the Assessing Officer - HC held that rigid interpretation of this provision as canvassed by the Revenue would only result into the assessees involved in genuine infrastructure development projects for and on behalf of the Government or local authorities would be denied the deduction merely on the ground that the State Government had created a nodal agency for working out the finer details and nittygritty of such infrastructure development - HELD THAT - Special leave petition is dismissed on the ground of delay.