https://www.taxtmi.com/caselaws?id=466945 Whether construction of the Venkatadri Reservoir Bund constituted development of an infrastructure facility under Section 80IA(4) hinged on whether the assessee functioned as a developer or merely as a works contractor; the tribunal examined contractual allocation of ownership, finance obligation, site possession, procurement responsibility, provision of personnel and machinery, liability for defects and liquidated damages, retention monies and guarantees, and overall entrepreneurial and financial risk. Applying authorities distinguishing developers from pure contractors, the ITAT found developer status and allowed deduction under Section 80IA(4); the Explanation excluding works contracts did not apply and revenue appeals were dismissed. en-us Tue, 11 Feb 2025 00:00:00 +0530 Thu, 26 Feb 2026 17:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466945 Whether construction of the Venkatadri Reservoir Bund constituted development of an infrastructure facility under Section 80IA(4) hinged on whether the assessee functioned as a developer or merely as a works contractor; the tribunal examined contractual allocation of ownership, finance obligation, site possession, procurement responsibility, provision of personnel and machinery, liability for defects and liquidated damages, retention monies and guarantees, and overall entrepreneurial and financial risk. Applying authorities distinguishing developers from pure contractors, the ITAT found developer status and allowed deduction under Section 80IA(4); the Explanation excluding works contracts did not apply and revenue appeals were dismissed. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466945