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	<title>TaxGuru &#187; infrastructure facility</title>
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		<title>Larger Bench rules tax holiday not available to a contractor/executor under the Income Tax Act</title>
		<link>http://taxguru.in/income-tax-case-laws/larger-bench-rules-tax-holiday-not-available-to-a-contractorexecutor-under-the-income-tax-act.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/larger-bench-rules-tax-holiday-not-available-to-a-contractorexecutor-under-the-income-tax-act.html#comments</comments>
		<pubDate>Thu, 31 Dec 2009 02:56:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[appellate tribunal]]></category>
		<category><![CDATA[belgaum]]></category>
		<category><![CDATA[construction activity]]></category>
		<category><![CDATA[construction contracts]]></category>
		<category><![CDATA[construction pvt]]></category>
		<category><![CDATA[contradictory views]]></category>
		<category><![CDATA[eligibility conditions]]></category>
		<category><![CDATA[executor]]></category>
		<category><![CDATA[governmen]]></category>
		<category><![CDATA[holiday benefits]]></category>
		<category><![CDATA[industrial undertaking]]></category>
		<category><![CDATA[infrastructure facility]]></category>
		<category><![CDATA[relevant provisions]]></category>
		<category><![CDATA[statutory bodies]]></category>
		<category><![CDATA[tax holiday]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=18344</guid>
		<description><![CDATA[Taxpayers in the infrastructure sector are often engaged in the execution of construction activities, which form a minor portion of a contract for the development of an infrastructure facility. This ruling provides guidance on whether a contactor simplicitor would be entitled to tax holiday under the ITL, in respect of the construction activities carried out by it. This ruling makes it clear that tax holiday would be denied to a person who merely executes any works contract/construction activity but does not own the infrastructure developed by it. The ruling also holds that the person who does not undertake development of the entire facility but develops only part of it would not be entitled to tax holiday benefit.]]></description>
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		<title>Contractor not eligible for deduction u/s. 80-IA</title>
		<link>http://taxguru.in/income-tax-case-laws/contractor-not-eligible-for-deduction-us-80-ia.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/contractor-not-eligible-for-deduction-us-80-ia.html#comments</comments>
		<pubDate>Tue, 24 Nov 2009 02:14:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[belgaum]]></category>
		<category><![CDATA[benefit]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[construction pvt]]></category>
		<category><![CDATA[eligible business]]></category>
		<category><![CDATA[fifteen years]]></category>
		<category><![CDATA[industrial undertaking]]></category>
		<category><![CDATA[infrastructure facility]]></category>
		<category><![CDATA[juxtaposition]]></category>
		<category><![CDATA[provisions]]></category>
		<category><![CDATA[pvt ltd]]></category>
		<category><![CDATA[relevant paragraph]]></category>
		<category><![CDATA[subsection]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=14780</guid>
		<description><![CDATA[The use of word developing' in juxtaposition to infrastructure facility in section 80-1A(4) indicates that what is eligible for deduction under this sub-section is the profits and gains derived from the development of infrastructure facility and not something de hors it; so in order to be eligible for deduction the development should be that of the infrastructure facility as a whole and not a particular part of it; it may be possible that some part of development work is assigned by the developer to some contractor for doing it on his behalf; that will not put the doer of such work into the shoes of a developer; therefore, a mere contractor cannot be conferred with the benefit as provided in section 80-IA.]]></description>
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		<title>Mumbai Larger Bench rules tax holiday not available to a contractor/executor</title>
		<link>http://taxguru.in/income-tax-case-laws/mumbai-larger-bench-rules-tax-holiday-not-available-to-a-contractorexecutor.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/mumbai-larger-bench-rules-tax-holiday-not-available-to-a-contractorexecutor.html#comments</comments>
		<pubDate>Thu, 19 Nov 2009 03:01:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[appellate tribunal]]></category>
		<category><![CDATA[construction activity]]></category>
		<category><![CDATA[construction contracts]]></category>
		<category><![CDATA[construction pvt]]></category>
		<category><![CDATA[eligibility conditions]]></category>
		<category><![CDATA[holiday benefits]]></category>
		<category><![CDATA[industrial undertaking]]></category>
		<category><![CDATA[infrastructure facility]]></category>
		<category><![CDATA[tax holiday]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=14932</guid>
		<description><![CDATA[This articles summarizes a recent ruling of the Larger Bench (LB) of the Mumbai Income Tax Appellate Tribunal (ITAT) [2009-TIOL-692-ITAT-MUM-LB] in the case of M/s B.T. Patil &#038; Sons Belgaum Construction Pvt. Ltd.(Taxpayer)  v.  ACIT. Due to contradictory views expressed by the two-member bench of the ITAT, an LB was constituted to examine the issue of whether the Taxpayer, who is engaged in executing construction contracts for and on behalf of the Government/statutory bodies, is eligible for tax holiday under the Indian Tax Law (ITL).]]></description>
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		<title>Comparison of fiscal benefit available to SEZ, SEZ developer &amp; 100% EOU</title>
		<link>http://taxguru.in/corporate-law/comparison-of-fiscal-benefit-available-to-sez-sez-developer-100-eou.html</link>
		<comments>http://taxguru.in/corporate-law/comparison-of-fiscal-benefit-available-to-sez-sez-developer-100-eou.html#comments</comments>
		<pubDate>Tue, 31 Jul 2007 07:33:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Corporate Law]]></category>
		<category><![CDATA[DTA]]></category>
		<category><![CDATA[EOU]]></category>
		<category><![CDATA[exchange earner]]></category>
		<category><![CDATA[export receivables]]></category>
		<category><![CDATA[FDI]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[foreign investments]]></category>
		<category><![CDATA[generation transmission]]></category>
		<category><![CDATA[infrastructure facility]]></category>
		<category><![CDATA[proper documentation]]></category>
		<category><![CDATA[recreation centers]]></category>
		<category><![CDATA[SEZ]]></category>
		<category><![CDATA[SSI]]></category>
		<category><![CDATA[tariff policies]]></category>

		<guid isPermaLink="false">http://kanoisandeep.wordpress.com/2007/07/31/comparison-of-fiscal-benefit-avialable-to-sez-sez-developer-100-eou/</guid>
		<description><![CDATA[Units undertaking to export their entire production of goods and services except to the extent of permissible sales in the DTA. Second hand capital goods, without any age limit, may also be imported duty free.]]></description>
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