https://www.taxtmi.com/caselaws?id=381844 The Tribunal upheld the denial of deduction under section 80IA(4) of the Income Tax Act for the assessment years 2005-06, 2006-07, 2008-09, and 2009-10. The assessee, engaged in infrastructure activities, failed to demonstrate that its income was derived from developing, operating, and maintaining infrastructure facilities as required by the law. The Tribunal agreed with the lower authorities that the assessee's income primarily stemmed from the sale of land and flats, not from infrastructure operations, thus confirming the denial of deduction for all the relevant assessment years. en-us Mon, 17 Jun 2019 00:00:00 +0530 Wed, 19 Jun 2019 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381844 The Tribunal upheld the denial of deduction under section 80IA(4) of the Income Tax Act for the assessment years 2005-06, 2006-07, 2008-09, and 2009-10. The assessee, engaged in infrastructure activities, failed to demonstrate that its income was derived from developing, operating, and maintaining infrastructure facilities as required by the law. The Tribunal agreed with the lower authorities that the assessee's income primarily stemmed from the sale of land and flats, not from infrastructure operations, thus confirming the denial of deduction for all the relevant assessment years. Case-Laws Income Tax Mon, 17 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381844