https://www.taxtmi.com/caselaws?id=421175 The Tribunal upheld the decision disallowing the deduction claim under Section 80-IA of the Income Tax Act, 1961 for the assessee firm engaged in civil and electrical work contracts, ruling that as a contractor and not a developer of infrastructure, the firm was not eligible for the deduction. The Tribunal emphasized the need to satisfy all conditions specified in the Act and clarified that businesses in the nature of works contracts were not entitled to the deduction, affirming the Commissioner of Income Tax (Appeals)'s decision. en-us Mon, 28 Mar 2022 00:00:00 +0530 Tue, 19 Apr 2022 08:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421175 The Tribunal upheld the decision disallowing the deduction claim under Section 80-IA of the Income Tax Act, 1961 for the assessee firm engaged in civil and electrical work contracts, ruling that as a contractor and not a developer of infrastructure, the firm was not eligible for the deduction. The Tribunal emphasized the need to satisfy all conditions specified in the Act and clarified that businesses in the nature of works contracts were not entitled to the deduction, affirming the Commissioner of Income Tax (Appeals)'s decision. Case-Laws Income Tax Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421175