the assesse is a company mainly engaged in printing business,from feb 2008 onwards it also entered into an agrrement with visakhapatnam municipal corporation for construction of roads and drain canals and other repair works.can this company avail deduction u/s 80-IA(4)?
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80-IA deduction
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The companies/concerns whose business is PRIMARILY laying roads, building infrastructure etc are not eligible for deduction u/s 80 IA. The examples are contractors in individual, partnership or company form. However, the motto of the company/concern is to developement of infratsructure not primarily as their business activity for profit such as National Highway Authority of India etc, they are eligible. Therefore, please examine your case on the above lines.
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