Sec. 80-IA relief available towards road development agreement entered into with GSRDC: HC

IT: Where assessee entered into an agreement for road development project with Gujarat State Road Development Corporation ('GSRDC'), in view of fact that GSRDC was a Government agency as defined under section 2(e) of Gujarat Infrastructure Development Act, 1999 and, moreover, it was totally controlled by State Government, claim for deduction under sec. 80-IA could not be rejected on ground that assessee failed to fulfil conditions of clause (b) of sec. 80-IA (4)

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