https://www.taxtmi.com/caselaws?id=279386 The High Court dismissed the Revenue's appeal regarding the disallowance of deduction under Section 80IA(4) of the Income Tax Act. The Court upheld the decision of the Income Tax Appellate Tribunal in favor of the assessee, a nodal agency for government road development projects, stating that the agency qualified for the deduction. Emphasizing the importance of not impeding genuine infrastructure projects, the Court rejected the Revenue's rigid interpretation and found no substantial question of law. The precedent set by an earlier judgment in favor of the assessee for similar issues in previous assessment years guided the Court's decision to dismiss the appeal. en-us Mon, 25 Jun 2018 00:00:00 +0530 Fri, 15 Mar 2019 07:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279386 The High Court dismissed the Revenue's appeal regarding the disallowance of deduction under Section 80IA(4) of the Income Tax Act. The Court upheld the decision of the Income Tax Appellate Tribunal in favor of the assessee, a nodal agency for government road development projects, stating that the agency qualified for the deduction. Emphasizing the importance of not impeding genuine infrastructure projects, the Court rejected the Revenue's rigid interpretation and found no substantial question of law. The precedent set by an earlier judgment in favor of the assessee for similar issues in previous assessment years guided the Court's decision to dismiss the appeal. Case-Laws Income Tax Mon, 25 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279386