Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
A constituent of joint ventures and consortiums formed to bid for government infrastructure contracts was treated as eligible for deduction under section 80IA(4) because the arrangements were pass-through vehicles, with execution, risk, and profit sharing resting on the members in their agreed proportions. The absence of a direct contract in the assessee's own name did not defeat eligibility where its participation was substantively through the consortium contract. The Tribunal also held that the Explanation to section 80IA(13) excludes only pure works contracts; the assessee, having undertaken design, procurement, construction, commissioning, and operation and maintenance obligations while bearing entrepreneurial and investment risk, was a developer and not a works contractor. Deduction was therefore allowed for both assessment years.
A constituent of joint ventures and consortiums formed to bid for government infrastructure contracts was treated as eligible for deduction under section 80IA(4) because the arrangements were pass-through vehicles, with execution, risk, and profit sharing resting on the members in their agreed proportions. The absence of a direct contract in the assessee's own name did not defeat eligibility where its participation was substantively through the consortium contract. The Tribunal also held that the Explanation to section 80IA(13) excludes only pure works contracts; the assessee, having undertaken design, procurement, construction, commissioning, and operation and maintenance obligations while bearing entrepreneurial and investment risk, was a developer and not a works contractor. Deduction was therefore allowed for both assessment years.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
