https://www.taxtmi.com/caselaws?id=312315 The ITAT Delhi allowed the assessee's claim for deduction under section 80IA, ruling that the assessee qualified as a developer rather than merely a contractor based on risk allocation, maintenance responsibilities, and project execution terms. The tribunal rejected the revenue's contention that the assessee was only an EPC contractor, finding the assessee fulfilled all requisite conditions for the infrastructure development deduction. Several other issues including TP adjustments, retention money provisions under section 43CB(2), EPF contribution timing, and TDS credit verification were remanded to the AO for fresh examination with proper opportunity of hearing. en-us Fri, 03 Nov 2023 00:00:00 +0530 Sun, 11 Feb 2024 14:55:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312315 The ITAT Delhi allowed the assessee's claim for deduction under section 80IA, ruling that the assessee qualified as a developer rather than merely a contractor based on risk allocation, maintenance responsibilities, and project execution terms. The tribunal rejected the revenue's contention that the assessee was only an EPC contractor, finding the assessee fulfilled all requisite conditions for the infrastructure development deduction. Several other issues including TP adjustments, retention money provisions under section 43CB(2), EPF contribution timing, and TDS credit verification were remanded to the AO for fresh examination with proper opportunity of hearing. Case-Laws Income Tax Fri, 03 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312315