Deductions for infrastructure business income preserved under transitional tax provision allowing relief as previously available. A transitional deduction is provided for profits and gains of industrial undertakings or enterprises engaged in infrastructure development for tax years beginning on or after 1 April 2026, where the assessee would have been eligible under the prior law; the deduction amount must be calculated as per the prior law's provisions and is allowed only for the tax years that would have been allowable under that law had it not been repealed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deductions for infrastructure business income preserved under transitional tax provision allowing relief as previously available.
A transitional deduction is provided for profits and gains of industrial undertakings or enterprises engaged in infrastructure development for tax years beginning on or after 1 April 2026, where the assessee would have been eligible under the prior law; the deduction amount must be calculated as per the prior law's provisions and is allowed only for the tax years that would have been allowable under that law had it not been repealed.
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