Assessing Officer allowed deduction under section 80IA of the Act. Commissioner revised the order on the ground that the assessee was mere a work contractor and Assessing Officer had not correctly applied law on issue of deduction. Tribunal set aside the order of the Commissioner. High Court affirmed the order. (AY. 2012-13)
PCIT (Central) v. MBL Infrastructure Ltd. (2023) 155 taxmann.com 656/ (2024) 461 ITR 148 (Cal)(HC) Editorial: SLP of Revenue is dismissed, PCIT (Central) v. MBL Infrastructure Ltd. (2023) 295 Taxman 586 /(2024) 461 ITR 150(SC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-
-Industrial undertakings-Road infrastructure development-Order of Tribunal is affirmed. [S.80IA, 260A]