Assessing Officer also, assessee's stated
business is of infrastructure development. It has been canvassed by the
assessee before us, on the basis ... Horizon Infrastructure Ltd.
ITA No. 356/Mum/2015
two concerns were for the purpose of business of land aggregation for
its infrastructure development project
engaged in the business of outdoor
advertising and media advertising, infrastructure development and maintenance. In the
course of assessment proceedings for A.Y.2010 ... profits and gains from industrial undertakings or
enterprises engaged in infrastructure development, etc.
80-IA. (1) Where the gross total income of an assessee includes
lakhs per
MW by the Respondent No 1 as Infrastructure Development Charges
(IDC) to the Appellant for establishing, operating and maintaining the
line / substation ... Energy Purchase
Agreement provides for payment of Rs 25.75 Lacs as Infrastructure
Development Charges for the specific purpose of establishing interface
line
infrastructure facility. Accordingly, the Appellant reiterates
that such income is essentially "derived from" the business of infrastructure development
and has a close nexus ... development. Hence, the said income should be eligible for
deduction under section 80-IA being income "derived from the business of development of
infrastructure
section, it is clears that the enterprises carrying on development of
infrastructure development should be owned by the company and not that the
infrastructure facility ... 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
appellant is a
private limited company engaged in the business of Infrastructure
Development, filed its return of income on 28.11.2003 declaring total
income ... suggest that the assessee has been entrusted with the work of
development infrastructure facilities, and therefore being a 'developer',
the assessee would
into an MOU on 22-03-
2007 with M/s. Sindya Infrastructure Development Company
Private Limited (herein after referred as SIDCPL or Company),
Chennai ... brevity.
"As per the MOU between the appellant and Sindya Infrastructure
Development Co. Pvt. Ltd. dated 22-3-2007, the appellant company
received
above, land situated at New Town was purchased by Shristi
Infrastructure Development Corporation Ltd i.e. shareholder of the appellant
company from West Bengal Housing ... Infrastructure Development Corporation Ltd
[WBHIDCO] vide conveyance deed dated 22.03.2007.Before that, a Permissive
possession certificate was given by WBHIDCO to the said
through its WOS-Essel Airports Infrastructure Pvt. Ltd.
Contrary to his understanding the business of the assessee is
infrastructure development, management, etc hence all expenses ... acquire infrastructure
projects. The impugned bidding expenses have been incurred by the
assessee in connection to filing bids for infrastructure development and it
could
1228 /Kol/2019
AY: 2012-13
Shristi Infrastructure Development Corporation ltd.
29.11.2018 against the assessment order passed by the DCIT, Circle-
2(2), Kolkata ... 1228 /Kol/2019
AY: 2012-13
Shristi Infrastructure Development Corporation ltd.
4. Aggrieved, the assessee went in appeal before the Ld. CIT(A) who
confirmed
