Infrastructure deduction continuity preserves old tax holiday benefits for eligible undertakings under the recodified income tax regime. Section 138 of the Income Tax Act, 2025 preserves the deduction earlier available under section 80-IA of the Income Tax Act, 1961 for eligible infrastructure and allied businesses. The new provision applies only where the assessee was already entitled under the old section, the gross total income includes eligible profits, computation follows the earlier section, and the deduction is limited to the remaining eligible years. Separate reporting and prescribed audit documents are required for each undertaking claiming the deduction.
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.
Infrastructure deduction continuity preserves old tax holiday benefits for eligible undertakings under the recodified income tax regime.
Section 138 of the Income Tax Act, 2025 preserves the deduction earlier available under section 80-IA of the Income Tax Act, 1961 for eligible infrastructure and allied businesses. The new provision applies only where the assessee was already entitled under the old section, the gross total income includes eligible profits, computation follows the earlier section, and the deduction is limited to the remaining eligible years. Separate reporting and prescribed audit documents are required for each undertaking claiming the deduction.
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