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of <h1>Section 80IA allows full profit deduction for eligible infrastructure and telecom businesses for prescribed consecutive assessment years</h1> Where an assessee's gross total income includes profits from specified 'eligible businesses' (infrastructure development/operation, telecommunication, industrial parks/SEZs, power generation/transmission, etc.), section 80IA permits, subject to conditions, a deduction equal to 100% of such profits for ten consecutive assessment years (telecom: 100% for five years then 30% for five years; other special temporal variations apply). Eligibility excludes undertakings formed by splitting/reconstruction or by transfer of previously used plant (with limited exceptions); requires prescribed government agreements, commencement dates, audited accounts and market-value treatment for inter-business transfers. Assessing Officers may adjust profits where arrangements inflate returns, the deduction cannot be double-claimed, and transfers/amalgamations/de-notifications are specially regulated.
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