Developer engaged in “development” of new infrastructural facility eligible for Section 80 IA(4) deduction

N.C.C. – M.S.K.E.L (J.V.) Vs ITO (ITAT Ahmedabad) In a recent case before the Income Tax Appellate Tribunal (ITAT Ahmedabad), the eligibility of a developer for deductions under Section 80-IA(4) of the Income Tax Act was examined. The case involved N.C.C. – M.S.K.E.L (J.V.) versus the Income Tax Officer. The dispute revolved around the assessee’s eligibility for deduction under Section 80-IA(4) for the Assessment Years 2007-08 and 2008-09. The assessee, a Joint Venture Undertaking formed by two companies, bid for the construction of a New Domestic Arrival Block at Ahmedabad Airport, ...