https://www.taxtmi.com/caselaws?id=469995 Infrastructure development deduction is available where the taxpayer undertakes substantial development obligations, bears project risks, arranges resources and acts as a developer rather than a mere works contractor; contractual labels and a nominal joint-venture bidding arrangement do not by themselves defeat eligibility. Project expenditure incurred after allotment and before the appointed date remains allowable as revenue expenditure when genuinely incurred in the ordinary course of business, commercially expedient, and neither capital nor prohibited, even if project income is not yet recognised. A payment-related disallowance may require verification of its consequential effect on eligible-profit deductions. Recalculated eligible income following surrender of an education cess claim can correspondingly enhance the available deduction. en-us Fri, 27 Sep 2024 00:00:00 +0530 Sat, 11 Jul 2026 15:03:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469995 Infrastructure development deduction is available where the taxpayer undertakes substantial development obligations, bears project risks, arranges resources and acts as a developer rather than a mere works contractor; contractual labels and a nominal joint-venture bidding arrangement do not by themselves defeat eligibility. Project expenditure incurred after allotment and before the appointed date remains allowable as revenue expenditure when genuinely incurred in the ordinary course of business, commercially expedient, and neither capital nor prohibited, even if project income is not yet recognised. A payment-related disallowance may require verification of its consequential effect on eligible-profit deductions. Recalculated eligible income following surrender of an education cess claim can correspondingly enhance the available deduction. Case-Laws Income Tax Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469995