No Deduction u/s 80I(4) of Income Tax Act to be Allowed without Agreement between Assessee and Government /Statutory body: ITAT

DCIT Vs HES Infra Private Limited (ITAT Hyderabad) The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that the agreement was not entered between the assessee and the Government / Statutory Government and there was a violation laid down by the statute and therefore, the assessee is not entitled to claim deduction The assessee company M/s. HES Infra Private Limited is in the business of undertaking contracts for Civil Works and infrastructure projects. The return of income was filed  admitting a total income of Rs.9,08,12,280 arrived after claiming deduction for Rs.19,31,63,096 un...