Section 80IA Deduction Allowed Due to Developer Role in Rail Signalling Projects: ITAT Nagpur

ACIT Vs Bharat Rail Automations Pvt. Ltd. (ITAT Nagpur) The appeal before the Income Tax Appellate Tribunal (ITAT), Nagpur, arose from an order passed by the Commissioner of Income Tax (Appeals) allowing deduction under Section 80IA(4) of the Income Tax Act, 1961 to the assessee for Assessment Year 2015–16. The assessee, engaged in design, development, installation, and commissioning of railway signalling systems, had claimed deduction of ₹2,17,21,362 under Section 80IA(4). The Assessing Officer (AO), during scrutiny assessment, disallowed the claim on the ground that the assessee was exec...