https://www.taxtmi.com/caselaws?id=466910 Assessing Officer's jurisdiction under Section 153C to reopen and complete assessment for the year of search was upheld because materials seized from group entities were available before completion of assessment and additions under relevant assessment provisions were sustained. On the substantive tax issue, a constituent of a joint venture was held to qualify as a 'developer' for purposes of Section 80IA(4) where contractual scope (design, construction, testing, commissioning, O&M), commercial and financial obligations, guarantees and risk-bearing evidence demonstrate development and entrepreneurial risk; the disallowance of the Section 80IA(4) deduction was set aside and the matter is remitted for recomputation on assessed income. en-us Mon, 24 Feb 2025 00:00:00 +0530 Thu, 26 Feb 2026 03:24:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466910 Assessing Officer's jurisdiction under Section 153C to reopen and complete assessment for the year of search was upheld because materials seized from group entities were available before completion of assessment and additions under relevant assessment provisions were sustained. On the substantive tax issue, a constituent of a joint venture was held to qualify as a 'developer' for purposes of Section 80IA(4) where contractual scope (design, construction, testing, commissioning, O&M), commercial and financial obligations, guarantees and risk-bearing evidence demonstrate development and entrepreneurial risk; the disallowance of the Section 80IA(4) deduction was set aside and the matter is remitted for recomputation on assessed income. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466910