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Regarding the deduction u/s 80IA, the Tribunal affirmed that ground handling and cargo handling services provided by the assessee were covered within the scope of 'developing, operating and maintaining' an airport, thereby entitling the assessee to claim the deduction. Additionally, the Tribunal upheld the incorporation of the assessee company as initiated by the Government of India, satisfying the conditions for claiming the deduction. On the disallowance of provision for concession fee, the Tribunal concluded that the provision was made on a certain basis and did not create a debt in favor of the concessionaire, thereby supporting the decision to delete the disallowance by the CIT(A).
Regarding the deduction u/s 80IA, the Tribunal affirmed that ground handling and cargo handling services provided by the assessee were covered within the scope of 'developing, operating and maintaining' an airport, thereby entitling the assessee to claim the deduction. Additionally, the Tribunal upheld the incorporation of the assessee company as initiated by the Government of India, satisfying the conditions for claiming the deduction. On the disallowance of provision for concession fee, the Tribunal concluded that the provision was made on a certain basis and did not create a debt in favor of the concessionaire, thereby supporting the decision to delete the disallowance by the CIT(A).
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