Issue of Section 80IA(4) Deduction for Sub-Contracted Project Profits Restored to AO

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 pa

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