Deduction eligibility under section 80-IA extended for infrastructure projects and cross-country gas network benefit removed. Amendments to section 80-IA extend terminal dates for deductions in clause (iv) from 31 March 2010 to 31 March 2011 and substitute clause (v)(b) to extend the commencement date for eligible Indian company undertakings to 31 March 2011 with retrospective effect; clause (vi) providing deduction for laying and operating cross-country natural gas distribution networks is omitted with effect from 1 April 2010; and the Explanation is replaced to exclude works-contract-style businesses from the section, deemed effective from 1 April 2000.
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Provisions expressly mentioned in the judgment/order text.
Deduction eligibility under section 80-IA extended for infrastructure projects and cross-country gas network benefit removed.
Amendments to section 80-IA extend terminal dates for deductions in clause (iv) from 31 March 2010 to 31 March 2011 and substitute clause (v)(b) to extend the commencement date for eligible Indian company undertakings to 31 March 2011 with retrospective effect; clause (vi) providing deduction for laying and operating cross-country natural gas distribution networks is omitted with effect from 1 April 2010; and the Explanation is replaced to exclude works-contract-style businesses from the section, deemed effective from 1 April 2000.
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