Acit, Circle-7(1), New Delhi vs Dlf Commercial Developers Ltd., New ... on 17 November, 2021
21.2 Under similar facts, in context of section 80IA, Hon'ble
Gujarat High Court in the case of Pr.CIT v. NilaBaurat
Engineering Ltd.[2017] 399 ITR 242 (Gujarat) [SLP
dismissed by Supreme Court] has held that profit arising from
development and transfer of infrastructure facility will be
eligible for deduction u/s 80-IA. The relevant observation of
Hon'ble High Court is reproduced hereunder: