https://www.taxtmi.com/highlights?id=78560 The High Court addressed the issue of disallowance u/s. 80IA(4) to determine if the assessee was a contractor or a developer of infrastructure facilities. The Court referred to a previous case where it was established that the assessee was a developer eligible for deduction u/s. 80IA(4). The Court considered various aspects of the agreement, such as payment terms, responsibilities, and insurance, concluding that the assessee was a developer, not a contractor. The ITAT's decision to delete the disallowance was upheld, ruling in favor of the assessee. en-us Mon, 17 Jun 2024 08:45:26 +0530 Mon, 17 Jun 2024 08:45:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78560 The High Court addressed the issue of disallowance u/s. 80IA(4) to determine if the assessee was a contractor or a developer of infrastructure facilities. The Court referred to a previous case where it was established that the assessee was a developer eligible for deduction u/s. 80IA(4). The Court considered various aspects of the agreement, such as payment terms, responsibilities, and insurance, concluding that the assessee was a developer, not a contractor. The ITAT's decision to delete the disallowance was upheld, ruling in favor of the assessee. Highlights Income Tax Mon, 17 Jun 2024 08:45:26 +0530 https://www.taxtmi.com/highlights?id=78560