Deduction u/s. 80IA(4)(i) allowed to sole developer for developing, operating & maintaining infrastructure facilities

ACIT Vs Ranjit Buildcon Limited (ITAT Ahmedabad)

ITAT Ahmedabad held that the assessee has established that they were the sole developer in the contracts which are related to the developing, operating and maintaining the infrastructure facilities as envisaged u/s. 80IA(4)(i) of the Income Tax Act. Accordingly, deduction duly allowed.

Facts- The assessee is engaged in the business of Civil Construction and filed its original return of income on 30.09.2008 thereby declaring income of Rs.11,38,18,730/- after claiming deduction of Rs.6,38,87,090/- u/s. 80IA(4)(i

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