PCIT v V. A. Tech Wabag Pvt. Ltd. (2020) 424 ITR 105 (Mad) (HC)

S. 80IA :Industrial undertakings – Infrastructure development – Sewage system-Contract with local bodies for development of infrastructure facility -Entitle to deduction [ S.80IA(4) ]

Dismissing the appeal of the revenue the Court held that  contracts  with local bodies or municipal bodies undertaking contract works for developing the infrastructure-sewage system, is entitle to benefit  u/s 80IA(4) of the Act .

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