https://www.taxtmi.com/caselaws?id=404376 The High Court allowed the Tax Case Appeal, ruling in favor of the assessee on substantial questions of law. The Court held that the filing of Form No.10CCB was a procedural formality and did not negate the substantive right of the assessee under Section 80IA. Additionally, the Court found the Tribunal's conclusion regarding profits from infrastructure activities to be based on insufficient factual examination, deeming it erroneous. The Court emphasized the importance of substantive rights under Section 80IA and the need for a thorough factual analysis in determining profit derivation from infrastructure activities. en-us Tue, 02 Feb 2021 00:00:00 +0530 Mon, 22 Feb 2021 09:12:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404376 The High Court allowed the Tax Case Appeal, ruling in favor of the assessee on substantial questions of law. The Court held that the filing of Form No.10CCB was a procedural formality and did not negate the substantive right of the assessee under Section 80IA. Additionally, the Court found the Tribunal's conclusion regarding profits from infrastructure activities to be based on insufficient factual examination, deeming it erroneous. The Court emphasized the importance of substantive rights under Section 80IA and the need for a thorough factual analysis in determining profit derivation from infrastructure activities. Case-Laws Income Tax Tue, 02 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404376