{"id":2120,"date":"2018-08-25T15:27:15","date_gmt":"2018-08-25T15:27:15","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-ho-hup-simplex-jv-2018-63-itr-74-snkol-trib\/"},"modified":"2018-08-25T15:27:15","modified_gmt":"2018-08-25T15:27:15","slug":"acit-v-ho-hup-simplex-jv-2018-63-itr-74-snkol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-ho-hup-simplex-jv-2018-63-itr-74-snkol-trib\/","title":{"rendered":"ACIT v. Ho Hup Simplex JV (2018) 63 ITR 74  (SN)(Kol.)(Trib.)"},"content":{"rendered":"<p>Assessee is a joint venture between two companies and was engaged in business of development of infrastructure facility .Claimed deduction u\/s 80IA. AO invoking provisions of explanation to S. 80IA observed that assessee was merely executing civil construction work in nature of works contracts and held that assessee was not entitled for deduction u\/s 80IA . CIT(A) deleted disallowance by holding that assessee was developer and hence explanation to section 80IA(13) did not apply to it . Tribunal held that merely because assessee was paid by Government for development work, it could not be denied deduction u\/s 80IA(4) when it provided a complete infrastructure required to support the development of infrastructure facility and deployed its various resources and exposed itself to various risks.\u00a0 (ITA No. 692\/Kol\/2016 dt. 21<sup>&#8211; <\/sup>03 -2014) (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IA : Industrial undertakings \u2013 Infrastructure Development \u2013 Joint venture between two companies  Merely because assessee was paid by Government for development work, it could not be denied deduction u\/s 80IA(4) when it provided a complete infrastructure required to support the development of infrastructure facility and deployed its various resources and exposed itself to various risks.  [ S.80IA(3), 194C ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2120","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-yc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=2120"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2120\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}