https://www.taxtmi.com/caselaws?id=338120 The Tribunal quashed the Principal CIT's order under Section 263, upholding the Assessee's eligibility for a deduction under Section 80IA(4)(i) of the Income Tax Act. The Tribunal determined that the Assessee qualified as a developer based on shouldering investment and technical risks, despite not owning the infrastructure facility. The Tribunal clarified that the Assessee's construction activities, including roads, fell within the statutory definition of an infrastructure facility, allowing for the deduction claimed. en-us Fri, 02 Dec 2016 00:00:00 +0530 Wed, 25 Jan 2017 08:08:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338120 The Tribunal quashed the Principal CIT's order under Section 263, upholding the Assessee's eligibility for a deduction under Section 80IA(4)(i) of the Income Tax Act. The Tribunal determined that the Assessee qualified as a developer based on shouldering investment and technical risks, despite not owning the infrastructure facility. The Tribunal clarified that the Assessee's construction activities, including roads, fell within the statutory definition of an infrastructure facility, allowing for the deduction claimed. Case-Laws Income Tax Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338120