‘Work Contract’ Label Doesn’t Bar Section 80IB(10) Deduction if Conditions Are Met: ITAT Cochin

ACIT Vs Skyline Builders (ITAT Cochin) Income Tax Appellate Tribunal (ITAT), Cochin Bench, has dismissed appeals filed by the Revenue, upholding the eligibility of Skyline Builders Skyline House, a partnership firm, for deduction under Section 80IB(10) of the Income-tax Act, 1961. The Tribunal’s decision, pronounced on May 26, 2025, covers assessment years 2009-10, 2010-11, and 2012-13, primarily clarifying the distinction between a “builder/developer” and a “works contractor” for the purpose of this tax incentive. The Revenue’s appeals challenged the separa...