Sec. 80IA of Income Tax Act, 1961— Deduction —Assessee entitled to deduction under section 80IA as  assessee admittedly entered into contract with Local Bodies or Municipal Bodies for undertaking the contract works for developing the infrastructure-sewage system,

Facts: Whether the Tribunal is right in law in holding that the Assessee is eligible for deduction u/s.80IA (4) of the Income Tax Act ?

Held, that since the Assessee admittedly entered into contract with Local Bodies or Municipal Bodies for undertaking the contract works for developing the infrastructure-sewage system, he is directly entitled to get the benefit of such deductions under Section 80IA (4). The said Section, in fact, even extends the benefit to the Contractor, who is transferred with such Infrastructure Facility for operating and maintaining the same as per the Proviso to Section 80IA (4) – PR. CIT Vs. V.A. TECH WABAG PVT. LTD. [2020] 424 ITR 105 (MAD)