ITAT Pune Sends Back 80-IA Claim – Settlement Commission Order Not Blanket Licence for All Projects

ACIT Vs Patil Construction and Infrastructure Limited (ITAT Pune) ITAT Pune Sends Back 80-IA Claim – Settlement Commission Order Not Blanket Licence for All Projects Patil Construction & Infrastructure Ltd, engaged in civil contracts, claimed deduction u/s 80-IA for infrastructure projects. The AO denied deduction (₹5.6 cr in AY 2013-14) holding the Assessee was only a contractor executing road & runway works, not a “developer”, relying on CBDT Circular 4/2010 & the statutory auditor’s remark that the claim conflicted with the Act. Before CIT(A), the Assessee argued that ...