https://www.taxtmi.com/caselaws?id=418841 The Tribunal condoned the delay in filing appeals for assessment years 2009-10 and 2010-11, admitting the appeals. However, it ruled that the assessee, a partnership firm engaged in works contracts, was not eligible for deduction under Section 80IA(4)(i) of the Income Tax Act. The Tribunal emphasized that the firm did not meet the statutory requirement of being a company or consortium of companies, and its participation in tender processes as a works contractor excluded it from the deduction. Consequently, the Revenue's appeals were allowed, and the deduction claims were disallowed. en-us Tue, 22 Feb 2022 00:00:00 +0530 Thu, 24 Feb 2022 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418841 The Tribunal condoned the delay in filing appeals for assessment years 2009-10 and 2010-11, admitting the appeals. However, it ruled that the assessee, a partnership firm engaged in works contracts, was not eligible for deduction under Section 80IA(4)(i) of the Income Tax Act. The Tribunal emphasized that the firm did not meet the statutory requirement of being a company or consortium of companies, and its participation in tender processes as a works contractor excluded it from the deduction. Consequently, the Revenue's appeals were allowed, and the deduction claims were disallowed. Case-Laws Income Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418841