Case Law Details
RELEVANT PARAGRAPHS:
7. In the facts of the present case we find that the assessee undertook work on contract basis. The assessee took contract work of insitu cement lining for water supply project of the Gujarat Water Supply and Sewerage Board (Gujarat Government Undertaking).
8. Vide Finance Act, 2007 an Explanation was inserted with retrospective effect from 1-4-2000 after sub-section (13) of section 80IA, which reads as under:
“For removal of doubts, it is hereby declared that nothing contained in this section shall apply to a person who executes a works contract entered into with the undertaking or enterprise, at the case may be.”
According to the Attorney’s Pocket Dictionary in relation to a corporation or business the term `undertaking’ denotes its whole enterprise and the word `enterprise connotes all the related activities performed either through unified operation or common control by any person or persons for a common business purpose.
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