https://www.taxtmi.com/caselaws?id=219315 The Tribunal dismissed the appeals for the Assessment Years 2005-06 and 2006-07, upholding the lower authorities' decisions. The assessee's claim for deduction under Section 80IA was denied as the work executed was deemed repairs and maintenance, not the development of new infrastructure. Additionally, the addition of a shortfall in contract receipts was confirmed due to the assessee's inability to reconcile the differences, and the charging of interest under Sections 234B and 234D was upheld as mandatory. en-us Wed, 25 Jul 2012 00:00:00 +0530 Tue, 11 Dec 2012 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219315 The Tribunal dismissed the appeals for the Assessment Years 2005-06 and 2006-07, upholding the lower authorities' decisions. The assessee's claim for deduction under Section 80IA was denied as the work executed was deemed repairs and maintenance, not the development of new infrastructure. Additionally, the addition of a shortfall in contract receipts was confirmed due to the assessee's inability to reconcile the differences, and the charging of interest under Sections 234B and 234D was upheld as mandatory. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219315