https://www.taxtmi.com/caselaws?id=108966 The appellant, a civil contractor, was denied deductions under section 80-IA(4) of the Income-tax Act for various infrastructure projects by the Assessing Officer and CIT(A). The Tribunal, in a split decision, disallowed the deductions, ruling that the appellant did not qualify as a developer and the projects were owned by the government. The Larger Bench concurred, emphasizing the retrospective amendment excluding deductions for works contracts. The Tribunal affirmed that the law as it stands on the day of passing the order must be applied, including retrospective amendments. en-us Mon, 26 Oct 2009 00:00:00 +0530 Tue, 10 Oct 2023 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108966 The appellant, a civil contractor, was denied deductions under section 80-IA(4) of the Income-tax Act for various infrastructure projects by the Assessing Officer and CIT(A). The Tribunal, in a split decision, disallowed the deductions, ruling that the appellant did not qualify as a developer and the projects were owned by the government. The Larger Bench concurred, emphasizing the retrospective amendment excluding deductions for works contracts. The Tribunal affirmed that the law as it stands on the day of passing the order must be applied, including retrospective amendments. Case-Laws Income Tax Mon, 26 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108966