The High Court addressed the issue of disallowance u/s. 80IA(4) to determine if the assessee was a...

The High Court addressed the issue of disallowance u/s. 80IA(4) to determine if the assessee was a contractor or a developer of infrastructure facilities. The Court referred to a previous case where it was established that the assessee was a developer eligible for deduction u/s. 80IA(4). The Court considered various aspects of the agreement, such as payment terms, responsibilities, and insurance, concluding that the assessee was a developer, not a contractor. The ITAT's decision to delete the disallowance was upheld, ruling in favor of the assessee. .....

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