DO YOU KNOW?

Jaypee Infratech Ltd (Rs.19.90), one of India’s leading Infrastructure companies, was recently given a relief by the Income Tax Appellate Tribunal in a case related to tax holiday granted by Government of Uttar Pradesh to the company for the Yamuna Expressway Project. ITAT decided against an earlier order by Higher Income Tax Authorities which had observed arrears in adjudication of a tax holiday of 10-years awarded to the Company.

Jaypee Infratech developed the Yamuna Expressway under the tools system through a concession agreement granted by the Government of Uttar Pradesh, under Section 80 I.A. of the Income Tax Act 1961, wherein a tax holiday is available for such infrastructure projects for 10 consecutive Assessment Years.

The investors should therefore buy the shares of Jaypee Infratech Ltd for a short term target of Rs.24-25. I again reiterate, you should buy all the Jaiprakash Group (J P Group) shares, in BULK before they shoots up.