Deduction for infrastructure development expanded to include companies and authorities with agreements to develop, operate and maintain facilities. Amendment expands the deduction for capital expenditure on specified business to cover development, operation and maintenance of a new infrastructure facility, removes the enhanced deduction previously available for certain specified businesses, and limits eligibility to Indian companies, consortia or statutory authorities that have entered into agreements with central, state, local or statutory bodies; the amendment also defines infrastructure facility to include roads, bridges, rail systems, highways and associated activities, water and sanitation projects, waste management, ports, airports and navigational channels.
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Provisions expressly mentioned in the judgment/order text.
Deduction for infrastructure development expanded to include companies and authorities with agreements to develop, operate and maintain facilities.
Amendment expands the deduction for capital expenditure on specified business to cover development, operation and maintenance of a new infrastructure facility, removes the enhanced deduction previously available for certain specified businesses, and limits eligibility to Indian companies, consortia or statutory authorities that have entered into agreements with central, state, local or statutory bodies; the amendment also defines infrastructure facility to include roads, bridges, rail systems, highways and associated activities, water and sanitation projects, waste management, ports, airports and navigational channels.
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