Assessee is\u00a0 engaged in business of developing road, bridges etc., i.e. infrastructure facilities after entering into agreement with State\/Central Government. It had filed its return of income claiming deduction under section 80-IA.\u00a0 Assessing Officer denied deduction under section 80-IA(4) by holding assessee to be contractor.\u00a0 On appeal Commissioner (Appeals) held that\u00a0\u00a0 the assessee could not be termed as a contractor and since assessee had performed all tasks which was performed by developer, assessee is\u00a0 to be allowed deduction under section 80-IA. On appeal the Tribunal held that\u00a0 Commissioner (Appeals) while granting relief to assessee did not discuss elaborately about eligibility or otherwise of assessee to deduction under section 80-IA(4) vis-\u00e0-vis specific work orders executed by assessee.\u00a0 Even tender documents, agreements with Government for executing work, PERT chart, financial statements, men, material and machines deployed, roles and responsibilities performed by assessee, details of deployment of funds, details of statutory clearances obtained, penal provisions in agreements etc. were not provided by assessee. Matter is\u00a0 be restored back to Commissioner (Appeals) for fresh adjudication after making detailed analysis of all specific work executed by assessee in which assessee had claimed that it acted as developer and claimed to be eligible for deduction under section 80-IA(4) of the Act.\u00a0\u00a0\u00a0\u00a0 (AY. 2007-08, 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 80IA : Industrial undertakings-Enterprises engaged in infrastructure development-Developer-Contractor-Developing road, bridges etc-Matter is restored back to Commissioner (Appeals) for fresh adjudication. [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-48748","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cGg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48748","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=48748"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48748\/revisions"}],"predecessor-version":[{"id":48749,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48748\/revisions\/48749"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}