https://www.taxtmi.com/caselaws?id=763117 ITAT Ahmedabad allowed deduction u/s 80-IA(4) to assessee, ruling that assessee qualified as developer rather than works contractor for construction of New Expandable Modular Integrated Terminal Building at Raja Bhoj Airport, Bhopal. Tribunal found assessee deployed own funds and equipment, assumed project risks and liabilities from inception until transfer to AAI for operations. Following precedent in NCC-MSKEL JV case, Tribunal held new infrastructure facility came into existence, making assessee eligible for section 80-IA(4) deduction as developer. en-us Thu, 07 Nov 2024 00:00:00 +0530 Fri, 13 Dec 2024 07:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763117 ITAT Ahmedabad allowed deduction u/s 80-IA(4) to assessee, ruling that assessee qualified as developer rather than works contractor for construction of New Expandable Modular Integrated Terminal Building at Raja Bhoj Airport, Bhopal. Tribunal found assessee deployed own funds and equipment, assumed project risks and liabilities from inception until transfer to AAI for operations. Following precedent in NCC-MSKEL JV case, Tribunal held new infrastructure facility came into existence, making assessee eligible for section 80-IA(4) deduction as developer. Case-Laws Income Tax Thu, 07 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763117