Section 80IA(4): Deduction eligible as agreement entered for development of infrastructure

PCIT Vs Montecarlo Construction Ltd (Gujarat High Court)

Gujarat High Court held that as agreement entered into is for the development of infrastructure facility and not the works contract hence assessee is eligible to avail deduction available under section 80IA(4) of the Income Tax Act.

Facts- The respondent assessee which is a Private Limited Company was engaged in business of construction activity and development of infrastructure and other projects i.e. irrigation can

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