S. 80HHB Sub-contractor for refinery shut down outside India is a Foreign Project

M/s. SPIC Jel Engineering Vs ACIT (Madras High Court) CIT (A) had gone through the agreement and the drawings, which were enclosed as annexures and found that the nature of work carried on by the assessee, as a sub-contractor, for the refinery shut down clearly comes within the scope of foreign project, more specifically, assembly or installation of any machinery or plant outside India i.e. within the definition of the expression ‘foreign project’ as defined under Sub-Section (2)(b)(ii) of Section 80HHB of the Act. Accordingly, the appeal filed by the assessee was allowed. Bearing ...