Section 80IA deduction not available to persons executing works contract: ITAT Mumbai

AJR Infra and Tolling Limited Vs DCIT (ITAT Mumbai)  The dispute between AJR Infra and Tolling Limited and the Deputy Commissioner of Income Tax (DCIT) reached the Income Tax Appellate Tribunal (ITAT) in Mumbai over the eligibility of AJR Infra to claim deduction under section 80IA of the Income Tax Act. The case revolved around AJR Infra’s contention that it was entitled to the deduction due to its involvement with Special Purpose Vehicles (SPVs) executing infrastructure projects. AJR Infra, formerly known as M/s Gammon Infrastructure Projects Ltd, provided Project Advisory Services to...