https://www.taxtmi.com/caselaws?id=236540 The Tribunal upheld the assessee's entitlement to deduction under Section 80IA(4) of the Income-tax Act for infrastructure projects. It emphasized the proportionate computation of the deduction based on eligible project turnovers. The Tribunal clarified that the Assessing Officer must adhere to its clear and categorical directions, including the eligibility criteria for contracts. It reiterated the binding nature of Tribunal and High Court decisions on subordinate authorities, stressing the importance of following higher judicial body rulings. The Tribunal concluded that no rectification was necessary in its order and highlighted the significance of judicial discipline and hierarchy in legal administration. en-us Thu, 04 Jul 2013 00:00:00 +0530 Fri, 25 Mar 2016 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236540 The Tribunal upheld the assessee's entitlement to deduction under Section 80IA(4) of the Income-tax Act for infrastructure projects. It emphasized the proportionate computation of the deduction based on eligible project turnovers. The Tribunal clarified that the Assessing Officer must adhere to its clear and categorical directions, including the eligibility criteria for contracts. It reiterated the binding nature of Tribunal and High Court decisions on subordinate authorities, stressing the importance of following higher judicial body rulings. The Tribunal concluded that no rectification was necessary in its order and highlighted the significance of judicial discipline and hierarchy in legal administration. Case-Laws Income Tax Thu, 04 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236540