Tax incentives expanded to cover nationwide infrastructure and power projects, with adjusted eligibility and reserve utilisation rules. Amendments to section 80-IA expand eligible geographic scope beyond the North-Eastern Region, adjust temporal eligibility for power generation undertakings, classify industrially backward districts into Category A and B, modify tax holiday durations for different district categories, and redefine 'infrastructure facility' to include specified transport and utility projects and highway projects with integrated housing. A special reserve regime exempts profits attributable to non-core highway activities if transferred to and utilised from a reserve for the core project within a prescribed period, otherwise such amounts become taxable.
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Provisions expressly mentioned in the judgment/order text.
Tax incentives expanded to cover nationwide infrastructure and power projects, with adjusted eligibility and reserve utilisation rules.
Amendments to section 80-IA expand eligible geographic scope beyond the North-Eastern Region, adjust temporal eligibility for power generation undertakings, classify industrially backward districts into Category A and B, modify tax holiday durations for different district categories, and redefine "infrastructure facility" to include specified transport and utility projects and highway projects with integrated housing. A special reserve regime exempts profits attributable to non-core highway activities if transferred to and utilised from a reserve for the core project within a prescribed period, otherwise such amounts become taxable.
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