https://www.taxtmi.com/caselaws?id=203173 The Tribunal ruled in favor of the assessee, directing the assessing authority to grant the deduction under section 80-IA(4)(iii) of the IT Act for the assessment years 2007-08 and 2008-09. The Tribunal found that the assessee met all statutory and approving authority conditions for infrastructure development, including the definition of "units" based on functional independence. It held that the approvals should be retroactive, allowing the deduction despite operations commencing before formal notifications. The appeals by the assessee were allowed, overturning the lower authorities' decision to disallow the deduction. en-us Mon, 28 Feb 2011 00:00:00 +0530 Tue, 10 May 2011 07:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203173 The Tribunal ruled in favor of the assessee, directing the assessing authority to grant the deduction under section 80-IA(4)(iii) of the IT Act for the assessment years 2007-08 and 2008-09. The Tribunal found that the assessee met all statutory and approving authority conditions for infrastructure development, including the definition of "units" based on functional independence. It held that the approvals should be retroactive, allowing the deduction despite operations commencing before formal notifications. The appeals by the assessee were allowed, overturning the lower authorities' decision to disallow the deduction. Case-Laws Income Tax Mon, 28 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203173