https://www.taxtmi.com/caselaws?id=471601 Section 80IA(4) deduction for infrastructure developers does not extend to a joint venture executing a State Government lift-irrigation project as an EPC works contractor. Deduction provisions require strict construction, and the statutory Explanation excludes businesses undertaking works contracts awarded by any person, including a State Government. Mobilisation advances, fixed monthly execution payments, retention money and performance guarantees indicated performance of specified engineering and construction work, not entrepreneurial risk, financial involvement or independent infrastructure development. The deduction was therefore unavailable and the disallowance was sustained. en-us Mon, 24 May 2021 00:00:00 +0530 Thu, 10 Sep 2026 13:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471601 Section 80IA(4) deduction for infrastructure developers does not extend to a joint venture executing a State Government lift-irrigation project as an EPC works contractor. Deduction provisions require strict construction, and the statutory Explanation excludes businesses undertaking works contracts awarded by any person, including a State Government. Mobilisation advances, fixed monthly execution payments, retention money and performance guarantees indicated performance of specified engineering and construction work, not entrepreneurial risk, financial involvement or independent infrastructure development. The deduction was therefore unavailable and the disallowance was sustained. Case-Laws Income Tax Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471601