Thursday, 20 June 2013

Assessee taking risks of investment and technical risks in a project is eligible for sec. 80-IA dedu

IT : Where assessee shouldered out investment and technical risk in respect of work, employed technically and administratively qualified team of persons and was liable for liquidated damages for non-fulfilment of obligations, it was not correct to say that assessee was merely a contractor and not a developer ineligible for deduction under section 80-IA


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