Dismissing the appeal of the revenue the Court held that where assessee executed road projects awarded by Government and there were concurrent findings of fact arrived at by appellate authorities that assessee had entered into a development of infrastructure facility agreement and not works contract, assessee would be eligible to claim deduction under section 80IA(4). (AY.2017-18 )
PCIT v. Montecarlo Ltd [2024] 162 taxmann.com 389 / (2025) 475 ITR 143 (Guj)(HC)
S.80IA: Industrial undertakings-Enterprises engaged in infrastructure development-Contractor or developer-Road project-No substantial question of law.[S.80IA(4)]
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