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. SLP of Revenue is dismissed. (AY. 2012-13)
PCIT (Central) v. MBL Infrastructure Ltd. (2023) 295 Taxman 586/(2024) 461 ITR 150 (SC) Editorial : PCIT (Central) v. MBL Infrastructure Ltd. (2023) 155 taxmann.com 656 /(2024) 461 ITR 148(Cal)(HC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Industrial undertakings-Road infrastructure development-High Court affirmed the order of the Tribunal-SLP of Revenue is dismissed. [S. 80IA, Art. 136]