Developer engaged in development of infrastructure facility eligible to claim deduction u/s 80IA(4)

Akash Infra Projects P. Ltd. Vs ITO (ITAT Ahmedabad) Held that merely because the assessee is referred as a contractor in the agreement, it doesn’t detract the assessee from the position of being a developer, nor will deprive the assessee from claiming deduction under Section 80IA(4) of the Act. Facts- Appellant is a private limited company engaged in the business of Infrastructure Development and filed its ROI declaring a total income of Rs. 5,18,334/- which was processed u/s. 143(1)(a) of the Act followed by a scrutiny proceeding. The assessee claimed deduction u/s. 80IA(4)(i) of the Act o...