https://www.taxtmi.com/caselaws?id=371516 Infrastructure development qualifying for section 80IA deduction depends on whether the taxpayer acts as a developer rather than a mere works contractor. Relevant indicators include deployment of its own funds, expertise and materials, assumption of entrepreneurial risk, and contractual responsibilities extending beyond civil works execution. The material also addresses factual verification of depreciation on shuttering material, advances to a joint-venture party, work contract tax and other tax expenses, and trade-creditor balances through purchase records, reconciliations, bank trails and confirmations. Where disallowances increase business income, a consequential Chapter VI-A deduction claim may require examination on the revised income. en-us Fri, 30 Nov 2018 00:00:00 +0530 Wed, 05 Dec 2018 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371516 Infrastructure development qualifying for section 80IA deduction depends on whether the taxpayer acts as a developer rather than a mere works contractor. Relevant indicators include deployment of its own funds, expertise and materials, assumption of entrepreneurial risk, and contractual responsibilities extending beyond civil works execution. The material also addresses factual verification of depreciation on shuttering material, advances to a joint-venture party, work contract tax and other tax expenses, and trade-creditor balances through purchase records, reconciliations, bank trails and confirmations. Where disallowances increase business income, a consequential Chapter VI-A deduction claim may require examination on the revised income. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371516