https://www.taxtmi.com/caselaws?id=209904 The Tribunal dismissed the assessee's appeal regarding the eligibility of income from wayside amenities and miscellaneous sources for deduction under section 80-IA, confirming that these income streams do not qualify for the deduction. However, it allowed the assessee's claim for deduction under section 80-IA for income from the sale of scrap, recognizing it as intimately connected with the business of developing, operating, and maintaining infrastructure facilities. Additionally, the Tribunal upheld the Commissioner of Income-tax (Appeals)'s order allowing depreciation at the rate of 10% on project assets, dismissing the Revenue's appeal on this issue. en-us Fri, 22 Jul 2011 00:00:00 +0530 Fri, 10 Feb 2012 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209904 The Tribunal dismissed the assessee's appeal regarding the eligibility of income from wayside amenities and miscellaneous sources for deduction under section 80-IA, confirming that these income streams do not qualify for the deduction. However, it allowed the assessee's claim for deduction under section 80-IA for income from the sale of scrap, recognizing it as intimately connected with the business of developing, operating, and maintaining infrastructure facilities. Additionally, the Tribunal upheld the Commissioner of Income-tax (Appeals)'s order allowing depreciation at the rate of 10% on project assets, dismissing the Revenue's appeal on this issue. Case-Laws Income Tax Fri, 22 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209904