Deduction u/s 80IA(4) of Income Tax Act available to developer of infrastructure facility

Agarwal Joint Venture Vs CIT (ITAT Ahmedabad)

ITAT Ahmedabad held that the assessee is engaged in development of the infrastructure facility and therefore, a developer, which confers right of eligibility to the assessee to claim benefits u/s. 80IA(4) of the Income Tax Act. Mere referring assessee as a contractor in the agreement cannot deprive assessee from claiming deduction u/s. 80IA(4).

Facts- The assessee filed its original return of income on 30.01.2006 declaring NIL

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