https://www.taxtmi.com/caselaws?id=300355 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to reexamine if the assessee qualified for deduction under section 80IA for profits from developing a new infrastructure facility. Emphasizing the need for the enterprise to be involved in infrastructure development rather than mere works contracts, the Tribunal instructed the AO to assess if the contracts involved various specified activities. If met, the assessee would be eligible for the deduction, with profits to be computed on a pro-rata basis of turnover. The issue was remanded for fresh consideration. en-us Wed, 31 Oct 2012 00:00:00 +0530 Thu, 27 Jan 2022 12:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300355 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to reexamine if the assessee qualified for deduction under section 80IA for profits from developing a new infrastructure facility. Emphasizing the need for the enterprise to be involved in infrastructure development rather than mere works contracts, the Tribunal instructed the AO to assess if the contracts involved various specified activities. If met, the assessee would be eligible for the deduction, with profits to be computed on a pro-rata basis of turnover. The issue was remanded for fresh consideration. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300355