Deduction u/s 80 IA of Income Tax Act not available only to Persons Executing Works Contract: ITAT rejects Deduction Claim [Read Order]

The deduction under Section 80IA of the Income Tax Act, is not available to the persons executing works contract.
By Aiswarya Krishnadas - On April 9, 2024 9:40 pm - 2 mins read
Deduction - Income Tax Act - Works Contract - ITAT - Deduction Claim - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) rejected the claim of deduction under Section 80 IA   of the Income Tax Act, 1961 stating that it is not available to individuals engaged in executing works contracts. The only issue agitated in all these appeals related to the eligibility of the assessee to claim…

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