https://www.taxtmi.com/caselaws?id=211827 ITAT held the taxpayer entitled to deduction under s.80IA where contracts involve design, development, operation, maintenance, financial risk and defect-liability, distinguishing such developer/PPP-type arrangements from pure works contracts; ownership of the infrastructure facility is not required. Matter remanded to AO to segregate eligible turnover and grant pro rata deduction. Disallowance of expenses under self-made vouchers upheld at 5% and Rs.50 lakh disallowed for unsubstantiated sand purchases. Provisional balance-sheet not usable for undisclosed income, but Rs.80 lakh agreed admitted as income. Cash found at premises could not be attributed to the company or its proprietor and that addition was deleted. en-us Wed, 29 Feb 2012 00:00:00 +0530 Mon, 18 Aug 2025 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211827 ITAT held the taxpayer entitled to deduction under s.80IA where contracts involve design, development, operation, maintenance, financial risk and defect-liability, distinguishing such developer/PPP-type arrangements from pure works contracts; ownership of the infrastructure facility is not required. Matter remanded to AO to segregate eligible turnover and grant pro rata deduction. Disallowance of expenses under self-made vouchers upheld at 5% and Rs.50 lakh disallowed for unsubstantiated sand purchases. Provisional balance-sheet not usable for undisclosed income, but Rs.80 lakh agreed admitted as income. Cash found at premises could not be attributed to the company or its proprietor and that addition was deleted. Case-Laws Income Tax Wed, 29 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211827