{"id":21744,"date":"2021-09-24T11:44:26","date_gmt":"2021-09-24T06:14:26","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-waterlife-india-pvt-ltd-2020-192-dtr-196-206-ttj-361-hyd-trib\/"},"modified":"2021-09-24T11:44:26","modified_gmt":"2021-09-24T06:14:26","slug":"dy-cit-v-waterlife-india-pvt-ltd-2020-192-dtr-196-206-ttj-361-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-waterlife-india-pvt-ltd-2020-192-dtr-196-206-ttj-361-hyd-trib\/","title":{"rendered":"Dy. CIT v. Waterlife India Pvt. Ltd. (2020) 192 DTR 196 \/ 206 TTJ 361 (Hyd.)(Trib.)"},"content":{"rendered":"<p>It was held that the assessee shall be entitled for deduction u\/s. 80IA(4) of the Act with respect to profit earned from operating and maintaining of the water treatment system\/water supply project. However, it had also been established that the assessee is not a developer. Thus\u00a0 the assessee is not entitled for deduction u\/s. 80IA(4) with respect to profit earned from the contract work entrusted to the assessee for procurement and supply of water treatment system\/water supply project,\u00a0 as it will not fall under the ambit of S. \u00a080IA (4) of the Act.\u00a0 (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IA : Industrial undertakings-Infrastructure  development-Profit earned from operating and maintaining of the water treatment system is eligible for deduction-Profit earned from contract work is not eligible for deduction. [S. 80IA(4)] <\/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":[21],"tags":[],"class_list":["post-21744","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5EI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21744","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=21744"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21744\/revisions"}],"predecessor-version":[{"id":21745,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/21744\/revisions\/21745"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=21744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=21744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=21744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}