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Issue of Section 80IA(4) Deduction for Sub-Contracted Project Profits Restored to AO
Case Law Details
- Case Name
- T and T Infra Limited Vs ACIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
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T and T Infra Limited Vs ACIT (ITAT Pune)
Issue of deduction u/s 80IA(4) on profits derived from projects which were received on sub-contract basis was restored back to AO
Conclusion: AO without going through the terms and conditions of each of the project that had been undertaken by assessee during the year had come to the conclusion that assessee was a works contractor and not a developer. It was deemed proper to restore the issue of deduction u/s 80IA(4) on profits derived from projects which were received on sub-contract basis from independent private parties and not from government/ local...
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