https://www.taxtmi.com/caselaws?id=765274 A Mumbai ITAT note states that where a joint venture had ceased to operate as a real executing entity and one participant alone controlled the project and bore the risks, interest routed through the arrangement did not attract TDS, so section 201 liability was unsustainable. It also records that an assessee acting as a developer, and not a mere contractor, could claim deduction under section 80IA(4) for infrastructure projects. The note further reflects that deemed short-term capital gains on depreciable assets were taxed at the section 112 rate, book profit adjustments under section 115JB were confined to the statutory formula, and business write-offs, bad debts and restructuring-related promoter compensation were allowable where the statutory conditions were met. en-us Tue, 31 Dec 2024 00:00:00 +0530 Tue, 14 Oct 2025 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765274 A Mumbai ITAT note states that where a joint venture had ceased to operate as a real executing entity and one participant alone controlled the project and bore the risks, interest routed through the arrangement did not attract TDS, so section 201 liability was unsustainable. It also records that an assessee acting as a developer, and not a mere contractor, could claim deduction under section 80IA(4) for infrastructure projects. The note further reflects that deemed short-term capital gains on depreciable assets were taxed at the section 112 rate, book profit adjustments under section 115JB were confined to the statutory formula, and business write-offs, bad debts and restructuring-related promoter compensation were allowable where the statutory conditions were met. Case-Laws Income Tax Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765274