https://www.taxtmi.com/caselaws?id=340547 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, allowing the assessee's deduction claim under section 80-IA(4) of the Income Tax Act. It determined that the assessee, engaged in developing infrastructure facilities, was eligible for the deduction despite not operating or maintaining the facilities. The Tribunal emphasized that the assessee undertook significant entrepreneurial and investment risks, distinguishing it from a mere works contractor. The Revenue's appeal was dismissed, affirming the CIT(A)'s order in favor of the assessee. en-us Fri, 10 Mar 2017 00:00:00 +0530 Thu, 23 Mar 2017 09:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340547 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, allowing the assessee's deduction claim under section 80-IA(4) of the Income Tax Act. It determined that the assessee, engaged in developing infrastructure facilities, was eligible for the deduction despite not operating or maintaining the facilities. The Tribunal emphasized that the assessee undertook significant entrepreneurial and investment risks, distinguishing it from a mere works contractor. The Revenue's appeal was dismissed, affirming the CIT(A)'s order in favor of the assessee. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340547