Bombay HC Quashes ITAT Order for Non-Consideration of Key Contract Clauses in 80-IA Dispute

Gulermak TPL Joint Venture Vs ITAT (Bombay High Court) The Bombay High Court heard two writ petitions challenging orders of the Income Tax Appellate Tribunal (ITAT) dated 30 July 2025, which had dismissed the petitioner’s Miscellaneous Applications filed under Section 254(2) of the Income-tax Act. The petitioner is an unincorporated joint venture formed to execute a contract with the Lucknow Metro Rail Corporation Limited (LMRCL), a nodal agency responsible for the metro rail system in Lucknow. Under a 2016 agreement with LMRCL, the petitioner undertook the design and construction of an unde...