that was transferred to IDRF because appellant had
been maintaining Infrastructure Development Reserve Fund (IDRF)
as per the Notification dated 15.01.1998 , and money transferred ... that was transferred to IDRF because appellant had
been maintaining Infrastructure Development Reserve Fund (IDRF)
as per the Notification dated 15.01.1998 , and money transferred
defined manner and
purpose and utilization of proceeds for infrastructural development
only and all these process are carried out without any intend of making ... demonstrated as to how a urban development authority conceive concept of
orderly development of an urban area. Specifically on the strength of section
extracted hereunder :-
"8. The assessee is in the business of infrastructure development. It carries
on various projects like water supply, irrigation, roads etc. under ... made hereinabove. It is submitted
that the assessee has undertaken various infrastructure development projects,
all of which are eligible for deduction u/s. 80IA
less than 5 km). Such a work cannot be called as development of
infrastructure project. He further observed that the assessee has not taken ... year tax benefit to an enterprise or
an undertaking engaged in development of infrastructure facilities, industrial
parks and special economic zones. The tax benefit
country with river sand
forming crucial raw material for the infrastructural development and for the construction
industry but excessive in-stream sand and gravel mining ... considered that the sand is important raw material for infrastructure
development of the State and people will get the sand at affordable price. The
respondent
Development
encompasses within itself contract work. The agreement between the assessee and the
customer being the government is for the development of the infrastructure facility ... Development encompasses within its contract work the agreement between the
assessee and the customer being the Government is for the development of the infrastructure
facility
loan as long term finance for development
of housing in India, industrial or agricultural development or development of
infrastructure facility in India.
7. On appeal ... business of providing long term finance for industrial or
agricultural development, development of infrastructure facility in India
and development of housing in India. The break
case for
A.Y 2006-07.
Disallowance of Building fund and Infrastructure Development
Fund:
The learned CIT(A) erred in fact ... delete the addition made in respect of the building fund and
infrastructure development fund.
Unexplained Investments:
The learned CIT(A) erred in fact
port area without
bidding, which would be contrary to the Gujarat
Infrastructure Development Act, 1999 . According to him,
the overlapping of area with Essar ... Policy
Gujarat envisages an integrated port
development strategy, consisting of creation of
port facilities, industrialisation and
development of infrastructure facilities like
roads and railways
must be
given a plain and popular meaning to include infrastructure
development project notified under the Notification issued
under Section 2(vii) of Facilitation ... Business Process Outsourcing;
(b) Bio-Technology Industries;
(c) Tourism Projects;
(d) Infrastructure Development Projects;
(e) Energy Generation and Distribution
Projects.
The project of the fifth
