https://www.taxtmi.com/caselaws?id=374617 The court addressed the interpretation of Section 80IA(4) of the Income Tax Act, 1961 to determine the respondent's status as a contractor or developer. It considered the entitlement to deductions under this section for infrastructural facility development. The Assessing Officer's addition under Section 41(1) for a bogus claim of expenses was upheld. The court allowed a higher rate of depreciation on specific installations for windmill erection, dismissing Revenue's objections. The judgment clarified tax provisions, deductions, treatment of expenses, and depreciation rates in infrastructural development activities. en-us Wed, 30 Jan 2019 00:00:00 +0530 Tue, 05 Feb 2019 06:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374617 The court addressed the interpretation of Section 80IA(4) of the Income Tax Act, 1961 to determine the respondent's status as a contractor or developer. It considered the entitlement to deductions under this section for infrastructural facility development. The Assessing Officer's addition under Section 41(1) for a bogus claim of expenses was upheld. The court allowed a higher rate of depreciation on specific installations for windmill erection, dismissing Revenue's objections. The judgment clarified tax provisions, deductions, treatment of expenses, and depreciation rates in infrastructural development activities. Case-Laws Income Tax Wed, 30 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374617