https://www.taxtmi.com/caselaws?id=230276 The case involved the disallowance of a deduction claimed under section 80IA of the IT Act by the assessee. The CIT(A) allowed the deduction, highlighting the assessee's participation in a consortium awarded a contract by NHAI and its investment in the project, meeting the criteria for the deduction. The interpretation of 'new' in the context of claiming the deduction was clarified to focus on infrastructure development rather than entering into new contracts annually. The tribunal upheld the assessee's claim for the entire deduction, emphasizing the importance of infrastructure projects for the country's development. en-us Tue, 29 Mar 2011 00:00:00 +0530 Wed, 24 Apr 2013 11:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=230276 The case involved the disallowance of a deduction claimed under section 80IA of the IT Act by the assessee. The CIT(A) allowed the deduction, highlighting the assessee's participation in a consortium awarded a contract by NHAI and its investment in the project, meeting the criteria for the deduction. The interpretation of 'new' in the context of claiming the deduction was clarified to focus on infrastructure development rather than entering into new contracts annually. The tribunal upheld the assessee's claim for the entire deduction, emphasizing the importance of infrastructure projects for the country's development. Case-Laws Income Tax Tue, 29 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=230276