{"id":64281,"date":"2026-09-04T16:18:46","date_gmt":"2026-09-04T10:48:46","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-montecarlo-ltd-2026-485-itr-1-309-taxman-50-sc-editorial-pcit-v-montecarlo-ltd2022-162-taxmann-com-389-2025-475-itr-143-gujhc\/"},"modified":"2026-09-04T16:18:46","modified_gmt":"2026-09-04T10:48:46","slug":"pcit-v-montecarlo-ltd-2026-485-itr-1-309-taxman-50-sc-editorial-pcit-v-montecarlo-ltd2022-162-taxmann-com-389-2025-475-itr-143-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-montecarlo-ltd-2026-485-itr-1-309-taxman-50-sc-editorial-pcit-v-montecarlo-ltd2022-162-taxmann-com-389-2025-475-itr-143-gujhc\/","title":{"rendered":"PCIT v. Montecarlo Ltd (2026) 485 ITR 1\/309 Taxman 50 (SC) Editorial : PCIT v. Montecarlo Ltd(2022) 162 taxmann.com 389 \/ (2025) 475 ITR 143 (Guj)(HC)"},"content":{"rendered":"<p>The Tribunal held that the assessee was not a contractor but a developer of infrastructure facilities and was eligible for deduction under section 80-IA(4) of the Income-tax Act, 1961, and the High Court dismissed the Department&#8217;s appeal, following its own decision in the assessee&#8217;s case for the assessment year 2008-2009.SLP of the revenue dismissed on account of a delay of 358 days and also on merit. (AY.2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.80IA: Industrial undertakings-Enterprises engaged in infrastructure development-Not a contractor but a developer of infrastructure facilities-Eligible for deduction-SLP dismissed on account of delay of 358 days and also on merit.[S.80IA(4), Art. 136] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64281","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gIN","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64281","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=64281"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64281\/revisions"}],"predecessor-version":[{"id":64282,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64281\/revisions\/64282"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}