https://www.taxtmi.com/caselaws?id=289522 The Tribunal upheld the disallowance of the appellant company's claim for deduction under section 80IA, citing the retrospective amendment by the Finance Act, 2007, which clarified that the deduction does not apply to contractors executing works contracts. The Explanation inserted below section 80IA(13) excludes works contracts from the deduction, emphasizing the need for entities directly involved in developing infrastructure to qualify for the benefit. The decision highlights the distinction between contractors and developers in infrastructure projects, affirming that only those engaged in infrastructure development, maintenance, and operation are eligible for the deduction. en-us Wed, 27 Oct 2010 00:00:00 +0530 Wed, 05 Aug 2020 09:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289522 The Tribunal upheld the disallowance of the appellant company's claim for deduction under section 80IA, citing the retrospective amendment by the Finance Act, 2007, which clarified that the deduction does not apply to contractors executing works contracts. The Explanation inserted below section 80IA(13) excludes works contracts from the deduction, emphasizing the need for entities directly involved in developing infrastructure to qualify for the benefit. The decision highlights the distinction between contractors and developers in infrastructure projects, affirming that only those engaged in infrastructure development, maintenance, and operation are eligible for the deduction. Case-Laws Income Tax Wed, 27 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289522