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of <h1>Consortium Members in Infrastructure Projects May Avoid AOP Tax Status if Working Independently, Says Circular.</h1> The circular addresses the taxability of consortium members involved in large infrastructure projects, particularly EPC and Turnkey contracts. It clarifies that a consortium may not be treated as an Association of Persons (AOP) for tax purposes if each member independently executes its part of the work, bears its own risks, and earns profits or incurs losses based on its performance. The consortium should not have unified control; rather, management should be for coordination purposes only. The circular is not applicable if members are Associated Enterprises under section 92A of the Income-tax Act. The Assessing Officer will decide AOP status in such cases.
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