The Tax Publishers2020 TaxPub(DT) 0069 (Hyd-Trib)

INCOME TAX ACT, 1961

Section 80-IA(4)

Relying on decision of Tribunal vide [[ITA Nos. 347, 1323 (Hyd.) of 2008, 1359, 1401, 1471 To 1473 & 1481 To 1491 of 2011, dt. 29-2-2012]: 2016 TaxPub(DT) 1839 (Hyd-Trib)] in assessee's own case, the issue with regard to deduction under section 80-IA(4) in respect of development of infrastructure projects, was remanded to CIT (A) for passing an order in compliance with the said order of the Tribunal.

Deduction under section 80-IA(4) - Allowability - Development of infrastructure projects (Irrigation Projects and Electric Projects) -

Assessee-company was carrying on business of development of infrastructure projects (Irrigation Projects and Electric Projects). It claimed deduction under section 80-IA(4), which was disallowed by AO. CIT(A) upheld the order passed by the AO. Held: Relying on decision of Tribunal vide [[ITA Nos. 347, 1323 (Hyd.) of 2008, 1359, 1401, 1471 To 1473 & 1481 To 1491 of 2011, dt. 29-2-2012]: 2016 TaxPub(DT) 1839 (Hyd-Trib)] in assessee's own case, the issue with regard to deduction under section 80-IA(4) in respect of development of infrastructure projects, was remanded to CIT(A) for passing an order in compliance with the said order of the Tribunal.

Relied:GVPR Engineers Ltd. v. ACIT [ITA Nos. 347, 1323 (Hyd.) of 2008, 1359, 1401, 1471 To 1473 & 1481 To 1491 of 2011, dt. 29-2-2012]: 2016 TaxPub(DT) 1839 (Hyd-Trib)

REFERRED :

FAVOUR : In assessee's favour by way of remand

A.Y. :

INCOME TAX ACT, 1961

Section 14A Read with Rule 8D

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