Shanti Prime Publication Pvt. Ltd.
Sec. 80-IA of Income-tax Act, 1961— Deduction - The assessee shall not be entitled for benefit of deduction under s. 80-IA(4) of the Act with respect to the profit earned by supplying and erection of water treatment system/water supply project/fluoride removal unit and arsenic removal units as it is not a developer but only engaged in the task as works contractor. - DY. CIT V/s WATERLIFE INDIA (P) LTD. - [2020] 206 TTJ 361 (ITAT-HYDERABAD)