https://www.taxtmi.com/caselaws?id=296819 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to grant the deduction of Rs. 8,52,50,413/- under Section 80IA(4) of the Income Tax Act. The Tribunal held that the assessee functioned as a developer, not just a contractor, the Explanation inserted by the Finance Act, 2009 did not apply, ownership of infrastructure facilities was not a prerequisite, the B.T. Patil & Sons case was no longer valid law, and consistency with prior decisions warranted allowing the deduction. en-us Wed, 16 Nov 2016 00:00:00 +0530 Mon, 09 Aug 2021 08:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296819 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to grant the deduction of Rs. 8,52,50,413/- under Section 80IA(4) of the Income Tax Act. The Tribunal held that the assessee functioned as a developer, not just a contractor, the Explanation inserted by the Finance Act, 2009 did not apply, ownership of infrastructure facilities was not a prerequisite, the B.T. Patil & Sons case was no longer valid law, and consistency with prior decisions warranted allowing the deduction. Case-Laws Income Tax Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296819