Friday, July 20, 2018

80-IA relief available even if road was transferred to third party of maintenance & operation; SLP dismissed

IT: SLP dismissed against High Court ruling that where assessee-company had developed a road construction project and after completion transferred it for purpose of maintenance and operation to third party and received a payment for same, profit element would be relatable to infrastructure development activity of assessee and would qualify for deduction under section 80-IA

from www.taxmann.com Latest Case Laws https://ift.tt/2zWp3zg

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