ITAT allowed the assessee's claim for deduction u/s 80IA for ...

Deduction u/s 80IA allowed for infrastructure development activities.

January 17, 2025

Case Laws Income Tax AT

ITAT allowed the assessee's claim for deduction u/s 80IA for development of infrastructure facilities. It held that merely entering into an agreement with the government or receiving payments from it does not disentitle the assessee from claiming deduction as a "developer" u/s 80IA(4). The assessee's activities qualified as development of new infrastructure facilities, following precedents. The department failed to distinguish the facts from favorable orders of higher authorities for prior years.

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ITAT allowed the assessee's claim for deduction u/s 80IA for ...

Deduction u/s 80IA allowed for infrastructure development activities.

January 17, 2025

Case Laws Income Tax AT

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